Another Term for Stare Decisis Is

question 40

Multiple Choice

Another term for stare decisis is:

• A) precedent.
• B) common law.
• C) statutory law.
• D) initiative.
• E) referendum.

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Definitions:

Disintermediation

Elimination of intermediaries in electronic commerce.

Substitute Products

Products that can serve as replacements for each other; when the price of one product rises, the demand for its substitute may increase.

Reverse Auctions

An auction model in which the roles of buyer and seller are reversed, with sellers competing to obtain business from the buyer by offering the lowest price.

Higher Prices

Increased costs for goods or services, often resulting from factors like high demand, low supply, or increased production costs.