Once a Court Has Decided a Case, the Principle of Stare

question 26

True/False

Once a court has decided a case, the principle of stare decisis precludes correction of erroneous decisions.

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Definitions:

Contingency Plan

A strategy or plan developed to take into account unforeseen events or emergencies to mitigate their potential impact on operations.

Bankruptcy

Legal nonpayment of financial obligations.

Operations Period

The timeframe during which specific operational activities or processes are carried out.

Financial Risk

The possibility of losing money on an investment or business operation, including risks related to market movements, credit, liquidity, and operational failures.