Nonperformance vs Assumpsit - What's the difference?

nonperformance | assumpsit |


As nouns the difference between nonperformance and assumpsit

is that nonperformance is a failure to perform a task, especially a task that one was legally bound to do while assumpsit is (legal) a promise or undertaking, either express or implied, founded on a consideration.

nonperformance

English

Noun

  • A failure to perform a task, especially a task that one was legally bound to do.

    • See also

    * noncompliance

    assumpsit

    English

    Noun

    (en noun)
  • (legal) A promise or undertaking, either express or implied, founded on a consideration.
  • (legal) An action to recover damages for breach or nonperformance of such a promise.
    • (Wharton)
    (Webster 1913) ----