According to Statista, the global coffee industry is worth US$363 billion in 2020. The market grows annually by 10.6%, and 78% of revenue came from out-of-home establishments like cafes and coffee beverage retailers.
ASSUMPSITS
Noun
assumpsits
plural of assumpsit
Source: Wiktionary
ASSUMPSIT
As*sump"sit, n. Etym: [L., he undertook, pret. of L. assumere. See Assume.] (Law) (a) A promise or undertaking, founded on a consideration. This promise may be oral or in writing not under seal. It may be express or implied. (b) An action to recover damages for a breach or nonperformance of a contract or promise, express or implied, oral or in writing not under seal. Common or indebitatus assumpsit is brought for the most part on an implied promise. Special assumpsit is founded on an express promise or undertaking. Wharton.
Source: Webster’s Unabridged Dictionary 1913 Edition
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Word of the Day
8 November 2024
REPLACEMENT
(noun) the act of furnishing an equivalent person or thing in the place of another; “replacing the star will not be easy”
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