Examlex
Which of the following is NOT a disadvantage of family businesses?
Precedent
A precedent is a legal decision or case that establishes a principle or rule that may guide future courts in deciding similar issues.
Common Law
A legal system based on customs, traditions, and judicial decisions, as opposed to statutory laws, predominantly followed in the UK, the US, and other commonwealth countries.
Case Law
Laws established by the outcome of former court cases and judicial decisions which guide future judgments.
Discriminatory Policies
Principles or practices that unjustly differentiate among individuals or groups, often based on race, gender, age, or religion, leading to unequal treatment.
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