Business Law


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Please answer the following short answer questions. Each question is worth 5 points. 1. (a) What is a judicial decision? A judicial decision is the determination or ruling made by a court that is of proficient jurisdiction on matters or subject submitted to the court. (b) What is stare decisis? This is a basic principle of the law in that the decision which is precedent is made on a case by a court then it must be applied and respected by other courts. (c) Explain whether stare decisis apply to the North Carolina Supreme Court when the U.S. Supreme Court issues a court decision. The US uses common law system in the state courts and much less in the federal courts; however there are times where the decisions are overruled. Stare decisis does not apply to North Carolina. (d) Explain whether stare decisis apply to the North Carolina Supreme Court when the South Carolina Supreme Court issues a court decision. Stare decisis is not applicable to the North Carolina when the South Carolina Supreme Court issues a court decision. The court is not constrained to stare decisis and may sometime invoke it. This is because they are different state courts. 2. (a) What is personam jurisdiction? Personam jurisdiction is the power of the court over a specific defendant or property.

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