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Assumpsit: A Comprehensive Guide to Its Legal Meaning and Types
Definition & Meaning
Assumpsit refers to a type of agreement, either expressed or implied, in which one party agrees to perform a specific act or to pay a sum of money to another party. This legal concept is often used in situations where a formal contract may not exist, but the actions of one party suggest that they have assumed an obligation.
There are two main types of assumpsit:
Express assumpsit: This occurs when one party explicitly agrees, either verbally or in writing, to fulfill a duty or pay a certain amount.
Implied assumpsit: This arises when a party's conduct implies an obligation, even if no formal promise was made.
Table of content
Legal Use & context
Assumpsit is primarily used in civil law, particularly in contract disputes. It serves as a basis for claims when one party believes another has failed to fulfill their obligations under an agreement. This term is relevant in various legal contexts, including:
Contract law
Debt recovery
Business transactions
Users can manage some of these issues themselves with the right legal templates available through US Legal Forms, which are drafted by qualified attorneys.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Here are a couple of examples to illustrate assumpsit:
A homeowner hires a contractor to perform repairs on their property. If the contractor fails to complete the work, the homeowner may file a claim for assumpsit based on the contractor's express promise to perform the repairs.