Courts Consider Legal Principles and Policies Underlying Previous Court Decisions

question 17

Multiple Choice

Courts consider legal principles and policies underlying previous court decisions or existing statutes, fairness, social values and customs, public policy and data, and concepts drawn from the social sciences when deciding:

• A)Stare decisis cases
• B)Cases of first impression
• C)Cases of import
• D)Cases of precedent

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Definitions:

Graph

A diagram representing data visually using lines, bars, or other symbols.

Marginal Revenue

The additional financial return from selling a further unit of a good or service.

Marginal Cost

The increase in cost that arises from producing an additional unit of a good or service.

Profits

The financial gain made in a transaction or operation, calculated as the difference between revenue and costs.