Which of the Following Statements Most Accurately Defines 'Stare Decisis

question 12

Multiple Choice

Which of the following statements most accurately defines 'stare decisis'?

• A) The legal reasoning upon which the decision in a case was based.
• B) The doctrine of precedent; 'to stand by a decision.'
• C) Anything said about the law in the course of a judgment that does not form part of the matters in issue.
• D) The final order of the court is binding on the immediate parties to the action.

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Definitions:

Agricultural Output

The total quantity of agricultural products produced and harvested in a given period.

Oil Embargo

An official ban on the trade of oil with a particular country or countries, often imposed by one or more countries as a form of economic sanction.

OPEC Countries

Member countries of the Organization of the Petroleum Exporting Countries, an intergovernmental organization that coordinates petroleum policies among its members to secure fair and stable oil prices.

Aggregate Supply Curve

A graphical representation that shows the relationship between the overall price level in an economy and the total output produced by firms.