Lori and Tim are negotiating a new business deal that requires an interpretation of a law made by their state twenty years ago. Tim knows that there are cases regarding this law that have been tried in a court within their city's boundaries. If Tim relies on these cases as the law, he is referring to ________.
A) Statutory law
B) Administrative law
C) Executive orders
D) Precedent
E) Constitutional law

Question

Quizplus · Accepted Answer

Tim is referring to "precedent," which is a principle or rule established in a previous legal case that is either binding on or persuasive for a court or other tribunal when deciding subsequent cases with similar issues or facts. This is a fundamental concept in common law systems.

Lori and Tim Are Negotiating a New Business Deal That