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In a lawsuit between Digital Hardware Corporation and Software Engineering Associates,Inc. ,the court applies the doctrine of stare decisis.What is this doctrine? What does this doctrine have to do with the American legal system?
Discharge
The release from obligations imposed by the Bankruptcy and Insolvency Act.
Outstanding Mortgage
The remaining amount of money owed on a mortgage not yet repaid to the lender.
Utmost Good Faith
A principle that obliges all parties to an insurance contract to act honestly and disclose all relevant facts.
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