"assumption of obligations" is correct and usable in written English.
It can be used when referring to someone taking on a certain set of obligations or responsibilities. For example, "Upon signing the contract, the buyer accepted the assumption of obligations."
The two words offer and acceptance become firmly associated with the assumption of obligations.
Traditional contract law developed rules and principles controlling the voluntary assumption of obligations, regulating the performance of obligations so assumed, and providing sanctions for failure to perform.
My departure from the state and the assumption of obligations to the University of Minnesota and the Minnesota Historical Society delayed and made difficult the completion of the work; and that it has been accomplished at all is due largely to the assistance which I have received from others.
In one deal, Calpine will pay $450 million plus the assumption of certain obligations for SkyGen Energy L.L.C., an Illinois-based company that is 49.9percentt owned by a unit of the Wisconsin Energy Corporation.
In 2009, after the company said The Globe was on track to lose $85 million, Arthur Sulzberger Jr., chairman of the Times Company, turned down one bid of around $35 million and the assumption of pension obligations for The Globe and The Telegram & Gazette.
Of course, any such view owes us an account of what would count as voluntary assumption of parental obligations.
Certain accounts of what counts as voluntary assumption – i.e., ones that count engaging in procreative sexual activity as voluntary assumption of parental obligations – could cause the voluntarist view to collapse back into the causal account.
Money and material goods ("bridewealth," in anthropological parlance) [ 90, 91] are transferred by the husband and his family to the girl's family as part of the marriage contract in exchange for the use of her reproductive capacity and the assumption of other obligations on their part.
In either case, the effect is to activate the assumption of the obligation to cover the omitted services by another party.
There is an obvious difference between a statute stating the conditions upon which moneys shall be expended and one effective only upon assumption of a contractual obligation to submit to a regulation which otherwise could not be enforced.
