Nonperformance vs Assumpsit - What's the difference?
nonperformance | assumpsit |
A failure to perform a task, especially a task that one was legally bound to do.
(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.
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
See also
* noncomplianceassumpsit
English
Noun
(en noun)- (Wharton)