An Important Benefit of the Doctrine of Stare Decisis Is

question 4

Essay

An important benefit of the doctrine of stare decisis is the stability and predictability that the doctrine brings to the law. How do the courts deal with legal disputes when new scientific information or methods and/or changes in societal values render certain existing legal rules obsolete, or even absurd, if applied to these new legal disputes?​

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Definitions:

Secured Debt

A debt that is backed by collateral, providing the lender a claim to the asset if the loan is defaulted.

Transfer Ownership

The act of transferring the legal rights of an asset from one party to another.

Agreement

A mutual arrangement between two or more parties that is enforceable by law.

Note Payable

A formal written agreement to pay a specific sum of money at a future date, representing a liability for the borrower.