Which of the Following Statements Is Incorrect? the Doctrine of Precedent

question 1

Multiple Choice

Which of the following statements is incorrect? The doctrine of precedent:

• A)Is sometimes referred to by its Latin name stare decisis.
• B)Is important in ensuring consistency in case law.
• C)Provides that a judge deciding a question of law must decide that question in the same way as was done previously by an earlier court.
• D)Contributes to the unpredictability of the law.

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Definitions:

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including repayment schedule, interest rate, and due dates.

Gross Profit

The financial gain obtained by subtracting the cost of goods sold from the revenue generated from sales, excluding operating expenses.

Sales Discounts

Reductions in the price of goods or services offered by a seller to a buyer to encourage prompt payment.

Sales Returns

Refers to goods that are returned by the customer to the seller after the sale, often due to defects or dissatisfaction.