One of the earliest references to what a promisor was to have for his undertaking was in the action of assumpsit.
In this, as in the earlier case, the issue was taken on the assumpsit.
assumpsit as a form of action became obsolete after the passing of the Judicature Acts 1873 and 1875.
If you choose to make an assumpsit, I'm sure I shall not object to the security.
It was settled that assumpsit would lie for a mere omission or nonfeasance.
assumpsit covered the whole province of debt, and much more.
The distinctions between debt, covenant, and assumpsit are merely historical.
The chief reason why debt was supplanted for centuries by a later remedy, assumpsit, was the survival of this relic of early days.
It will be well to examine some of the earliest cases in which an undertaking (assumpsit) was alleged.
The essential nature of "consideration" in contract is evolving from the procedural requirements for the action of assumpsit.