BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -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”.

Detailed explanation-2: -The Supreme Court has original, appellate and advisory jurisdiction.

Detailed explanation-3: -Appeals from original decrees, 2. Appeals from appellate decrees (Second Appeals), 3. Appeals from Orders, and 4. Appeals to the Supreme Court.

Detailed explanation-4: -Stare decisis is also known as the concept of precedent, which means the decision taken by the higher courts shall be followed/binding on the lower courts, which stands as a precedent to the lower courts. This gives the law finality and maintains consistency and permanence.