assumpsit
noun
as·sump·sit
| \ ə-ˈsəm(p)-sət
\
\
Definition of assumpsit
1
: an express or implied promise or contract not under seal on which an action may be brought
2a
: a former common-law action brought to recover damages alleged from the breach of an assumpsit
b
: an action to recover damages for breach of a contract
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More Definitions for assumpsit
assumpsit
noun
as·sump·sit
| \ ə-ˈsəmp-sit
\
\
Legal Definition of assumpsit
: an express or implied promise or contract or quasi contract the breach of which may be grounds for a suit
also
: a common-law action that may be brought for such a breach — compare covenant, debt
Note: The action of assumpsit developed in early English law and is still available in the U.S. in some jurisdictions.