BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -A precedent is a principle or a rule that was declared or laid down in a previous legal case. It is binding or advisory on tribunals and courts when a similar case with similar facts arises before it.

Detailed explanation-2: -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-3: -Precedent refers to a court decision that is considered as authority for deciding subsequent cases involving identical or similar facts, or similar legal issues. Precedent is incorporated into the doctrine of stare decisis and requires courts to apply the law in the same manner to cases with the same facts.

Detailed explanation-4: -precedent, in law, a judgment or decision of a court that is cited in a subsequent dispute as an example or analogy to justify deciding a similar case or point of law in the same manner.