What Is the Legal Principle of Stare Decisis? Why Is

question 43

Essay

What is the legal principle of stare decisis? Why is it important in a common law system? Why is stare decisis somewhat less important in a civil law system? Are federal courts strictly bound by stare decisis? What might be the cost or downside of making stare decisis mandatory? What might be the cost or downside of eliminating the principle of stare decisis?

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Definitions:

Currency

The system of money in common use in a country, utilized as a medium of exchange.

Coins

Coins are metallic forms of money issued by governments as a medium of exchange, featuring denominations and usually bearing a national symbol.

Human Resource Controls

Systems and processes implemented to oversee the management of an organization's workforce, aiming to ensure compliance with regulations, improve efficiency, and promote employee satisfaction.

Petty Cash

A small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.