BUSINESS ADMINISTRATION
BUSINESS LAW
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
let the decision stand
|
|
|
you are incorrect
|
|
|
the judge is always right
|
|
|
rules are made to be broken
|
Detailed explanation-1: -Stare Decisis-a Latin term that means “let the decision stand” or “to stand by things decided”-is a foundational concept in the American legal system. To put it simply, stare decisis holds that courts and judges should honor “precedent”-or the decisions, rulings, and opinions from prior cases.
Detailed explanation-2: -precedent: a rule set by a prior court decision that forms the basis for future court decisions with similar facts and issues. The doctrine of precedent is based on the concept of stare decisis, which is Latin for “to stand by things decided.”
Detailed explanation-3: -The policy of the court to stand by precedent is termed as Stare decisis. In a literal sense, it means “to stand by decided matters”. The phrase “stare decisis” is itself short of the Latin phrase “stare decisis et non quieta movere”. This phrase means “to stand by decisions and not to disturb settled matters”.