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explain judicial precedent

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Judicial Precedent Judicial precedent refers to the source of law where past decisions of the judges create law for future judges to follow. Ratio decidendi is the reason for deciding, it creates precedent for judges to follow in future cases. The ratio decidendi is the core to the decision, it is binding on similar cases heard by later judges. Original precedent is where if the points of law have never been decided before then whatever the judge decides will form a new precedent. Stare Decisis is stand by what has been decided and do not unsettle the established. This makes the system consistent, fair and predictable, higher courts bind lower courts. Stare Decisis allow previous decisions to influence later in similar cases and ensures that higher courts bind lower courts. Obiter Dicta is other things said and judges in future do not have to follow it, It includes the judges thought processes,...

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