ASSUMPTION

assumption,n.1. A fact or statement taken for granted; a supposition <a logical assumption>.2.

The act of taking (esp. someone else’s debt or other obligation) for or on oneself; the agreement to

so take <assumption of a debt>. — assume,vb.

implied assumption.The imposition of personal liability on a land purchaser who buys subject

to  a  mortgage  and  who  deducts  the  mortgage  amount  from  the  purchase  price,  so  that  the

purchaser  is  treated  as  having  assumed  the  debt.  [Cases:  Mortgages    279.  C.J.S.  Mortgages  §

395.][Blacks Law 8th]