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...]

1. A sanctuary, or place of refuge and protection, where criminals and debtors found shelter, and from which they could not be taken without sacrilege. State v. Bacon, 6 Neb. 291; Cromie v. Institution of Mercy, 3 Bush (Ky.) 391. 2. Shelter; refuge; protection from the hand of justice. The word includes not only place, but also shelter, security, protection; and a fugitive from … [Read more...]

(1) Negligence: An affirmative defense in a claim of negligence where the defendant argues that the plaintiff obviously knew of a significant risk of danger in advance and, as such, assumed liability for the risk. For example, a person going mountain climbing understands that there are significant risks of danger of a fall. (2) Contract: When a party purchases a right from … [Read more...]