legal concepts of precedent and stare decisis
Companies depend on consistency and predictability in the laws and regulations of their industry. That allows them to make business decisions and understand the consequences.
Read about the legal concepts of precedent and stare decisis in your textbook. In your assignment:
Summarize the concepts of precedent and stare decisis
Discuss whether and/or why you think these concepts are important to help provide stability for businesses to operate.