The Rule Stare Decisis

question 25

Multiple Choice

The rule stare decisis

• A)is a hard and fast rule that has qualifications attached to it that allow judges to depart from it.
• B)is merely a principle that applies in those countries where the law is codified.
• C)is not a hard and fast rule and is not always followed.
• D)is a hard and fast rule that is always followed.
• E)has no place in a system based on common law.

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Definitions:

Mutually Exclusive

Situations or events that cannot occur at the same time, implying that the occurrence of one event excludes the occurrence of the other.

NPV

Net Present Value, a method to assess the profitability of an investment by comparing the present value of cash inflows to the present value of cash outflows.

NPV

Net Present Value is a financial measure that determines the discrepancy between the present value of money coming in and going out over a certain timeframe.

PI

Stands for Profitability Index, which measures the ratio of payoff to investment of a proposed project.