Disadvantages of Case Law Do Not Destroy the Benefits of Certainty,predictability,and

question 105

True/False

Disadvantages of case law do not destroy the benefits of certainty,predictability,and stability provided by case law and stare decisis.

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Definitions:

Vicarious Liability

Legal responsibility placed on one person for the acts of another.

Joint Liability

Shared liability. In partnership law, partners incur joint liability for partnership obligations and debts.

Fiduciary Duty

A legal obligation of one party to act solely in the best interest of another party, such as a trustee for a beneficiary.

Partnership's Profits

Partnership's profits refer to the share of income generated by a business partnership that is distributed among its partners according to the terms of their agreement.