Adherence to precedent is called the doctrine of 

  1. Stare decisis
  2. Commercial impracticability 
  3. Substantial performance
  4. Nolo contendere

Answer (Detailed Solution Below)

Option 1 : Stare decisis

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The correct answer is option 1.

Key Points

  •  Adherence to precedent, known as the doctrine of stare decisis, is a fundamental principle of judicial decision-making that mandates courts to follow the rulings and legal principles established in previous judicial decisions.
  • The term "stare decisis" is derived from Latin and means "to stand by things decided."
  • This doctrine plays a crucial role in ensuring consistency, predictability, and stability in the law by obliging courts to apply the same reasoning and legal principles to similar cases over time.
  • Under the stare decisis principle, when a court is faced with a case that is similar to a previously decided case, it should follow the precedent set by the earlier decision unless there is a strong reason to deviate.
  • This ensures that similar cases are decided similarly, which provides guidance to individuals and entities about the legal implications of their actions and decisions.

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