BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Amor Vincit Omnia
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carpe diem
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e pluribis unum
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stare decisis
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Detailed explanation-1: -The doctrine of precedent refers to the doctrine that the court is to follow judicial decisions in earlier cases when the same points relating to the law are present before it in subsequent matters.
Detailed explanation-2: -Stare Decisis is a Latin term which signifies To stand by decided cases or to uphold precedents or to maintain former adjudications. In India, the doctrine of stare decisis has been adopted through Article 141 of the Constitution, which declares that decisions of higher court are binding on subordinate courts.
Detailed explanation-3: -The doctrines of ‘per-incurium’ and ‘sub-silentio’ are exceptions to the rule of stare decisis. If a decision has been given in ignorance of law or any statute or any binding authority, the doctrine of ‘per-incurium’ is attracted5.