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Question: Discussion - The Ethics of Business 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. Your post should address the following points: 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. Get Ready! To prepare for this Discussion: Refer to your textbook to review the legal concepts of precedent and stare decisis. Gather research beyond provided course materials to support your initial response. Cite your research, in-text, using APA formatting as applicable. When relevant, support statements by including prior knowledge, work experiences, references, websites, resources, etc. (give credit and use APA citations when appropriate).
The Ethics of Business Companies rely on predictability and the law to remain consistent and successful. Companies would have difficulties making choices related to contracts, employment, or investments without many predictable legal orders. Precedent and stare decisis are two significant legal principles that give this predictability. The principles ensure that similar cases are treated similarly, thereby generating a sensible and reliable legal system for everyone.
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