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Assumption legal definition of Assumption - TheFreeDictionary.com?

Assumption legal definition of Assumption - TheFreeDictionary.com?

WebAssumption Of Risk definition: In contract law, the act or agreement to take on a risk of damage, injury, or loss, often stated as the risk “passes” to the purchaser upon the occurrence of a certain event, e.g., shipment of goods. Webas·sump·tion (ə-sŭmp′shən) n. 1. The act of taking to or upon oneself: assumption of an obligation. 2. The act of taking possession or asserting a claim: assumption of command. 3. The act of taking for granted: assumption of a false theory. 4. Something taken for granted or accepted as true without proof; a supposition: a valid assumption. 5. cobalt blue school uniform Webassumption noun (BELIEF) C1 [ C ] something that you accept as true without question or proof: People tend to make assumptions about you when you have a disability. These … WebAs there is always the danger that a particular interpretation may be the equivalent of making law, some judges prefer to adhere to the law's literal wording. Opponents of the plain meaning rule claim that the rule rests on the erroneous assumption that words have a fixed meaning. dacia cars where are they made WebAssumption The act of taking on the liabilities of another property. For example, if one is a co-signer on a loan and the borrower defaults, the co-signer assumes the responsibility to repay the loan. Farlex Financial Dictionary. © 2012 … Webassumptions. DEFINITIONS 2. 1. countable something that you consider likely to be true even though no one has told you directly or even though you have no proof. Your argument is based on a completely false assumption. assumption that: There is an assumption that all the people who live around here are rich. cobalt blue sea glass jewelry WebAn assumption clause is a provision in a mortgage or other financial agreement that restricts the transfer of the obligation to another party without the consent of the lender or creditor. For example, if you have a mortgage on your home, the assumption clause in the loan agreement may prevent you from selling the property to someone else and ...

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