BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FASLE
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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: -Precedent means judgment or decision of a court of law cited as an authority for the legal principle embodied in it. The doctrine of precedent which is also known as stare decisis, i.e. stand by the decision, is based on the principle that like cases should be decided alike.
Detailed explanation-3: -Judicial Precedents means in general terms a behavior which is previously adopted becomes an example or rule for subsequent cases. For example in the case of Kesavananda Bharati the basic structure doctrine of the Indian Constitution was propounded which is applicable as a precedent in the case of Indira Gandhi Vs.