BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
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opinion
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precedent
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trial
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hearing
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Detailed explanation-1: -2014) (defining precedent as a decided case that furnishes a basis for determining later cases involving similar facts or issues ). The Court may also rely on commentary on these cases by academics and judges.
Detailed explanation-2: -Declaratory and Original Precedents As John William Salmon explained, a declaratory precedent is one where there is only application of an already existing rule in a legal matter. Whereas, an original precedent is one where a new law is created and applied in a legal matter.
Detailed explanation-3: -(ˈstɛəri dɪˈsaisɪs) Law. the doctrine that rules or principles of law on which a court rested a previous decision are authoritative in all future cases in which the facts are substantially the same.