Examlex
Which of the following is not one of the top factors a business should consider when planning an Internet auction?
Case Law
The collection of past legal decisions written by courts, which law later courts use as authoritative guidance in similar cases.
Legal Positivism
The school of jurisprudence which holds that because society requires authority, a legal and authoritarian hierarchy should exist. When a law is made, therefore, obedience is expected because authority created it.
Natural Law
A school of jurisprudence that recognizes the existence of higher law, or law that is morally superior to human laws.
Stare Decisis
Latin for “standing by the decision”; a principle stating that rulings made in higher courts are binding precedent for lower courts.
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