Assumptions

1 Overview
2 See Also
3 Source
4 See Also

Overview

Assumption is defined as the act of undertaking, supposing or adopting another's debts or obligations. It is the act of taking for granted, or supposing without proof. An assumption can also be the thing supposed: a postulate, supposition or proposition assumed.

The legal side to assumption falls under the individual defense law known as Assumption of Risk. It frequently appears within insurance contracts; for example, one person riding with another in an automobile has generally "assumed the risk" and, therefore, has no action against the driver of the vehicle should an accident occur. This is a common law concept and has been modified by recent case law and by statute in some jurisdictions.

Source

Source: Much of the material in this entry came originally from this entry in Wikipedia.

Assumptions

Contents

Overview

See Also

Source

See Also