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Business Law - Basic knowledge of doctrine of precedent.
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Assignment 1 of Business Law Question 1 Basic knowledge of doctrine of precedent Doctrine of precedent is a legal term to describe the practice where principles established in previous Court rulings are binding on future cases which have similar circumstances. The doctrine of judicial precedent is at the heart of the common law system, thus it is necessary to review common law system as a glance. On 3, June 1992 the High court of Australia delivered its judgment in the case of Mabo v the state of Queens land, holding that the common law of Australia recognized native title. It is known that common law is imported from England. Common law is one of two sources in Australia. The legal principles are developed by judges through case law. It means that common law is to be found in the decisions of the judges of the superior courts. (B. Pentone, S. Graw, J. Lennard, D....
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