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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) ----