A ______ Precedent Is One That May Be Followed by a Court

question 11

Short Answer

A ______ precedent is one that may be followed by a court, but for which there is no compulsion on the courts to do so.

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Definitions:

Bidder

An individual or entity that makes an offer in response to a tender, aiming to secure a contract or project.

Incentive Payment

A financial reward offered to encourage or motivate specific actions or behaviors in individuals or groups.

Target Amount

The specific financial goal or budget set for a project, initiative, or investment.

Cost Reimbursable Contract

A type of contract where a contractor is paid for all of its allowed expenses to a set limit plus additional payment to allow for a profit.