Latin: He undertook; he promised. A promise or engagement by which one person assumes or undertakes to do some act or pay something to another. It may be either oral or in writing, but is not under seal. It is express if the promisor puts his engagement in distinct and definite language; it is implied where the law infers a promise (though no formal one has passed) from the … [Read more...]

In Saxon law. A penalty for a wrong done by one in the king's peace. The offender was to replace the damage twofold. Spelman. … [Read more...]

The act or agreement of assuming or taking upon one's self; the undertaking or adoption of a debt or obligation primarily resting upon another, as where the purchaser of real estate "assumes" a mortgage resting upon it, in which case he adopts the mortgage debt as his own and becomes personally liable for its payment. Eggleston v. Morrison, 84 111. App. 631; Locke v. Homer, 131 … [Read more...]

A house, or place of habitation. Bract fol. 2676; CowelL … [Read more...]

When a buyer takes over the mortgage of an original borrower. The original borrower may be held liable unless specifically released. … [Read more...]