Types of precedents, Business Law and Ethics

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Types of Precedents

There a precedent may be as;

  • A binding precedent here judge must tag along whereas he approves of it or not. Hence it is excludes his judicial discretion and binding upon him for the future. It means these, usually speaking, are decisions of higher courts.
  • A persuasive precedent whether it is one that such the judge is under no obligation to follow although may hence take into consideration or obeyed in the course of considering his intended decision. However the decisions of lower courts and of superior courts in the Commonwealth.

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