One of the basic sources of American law consists of the rules of law announced in court decisions, or precedents.

Name: One of the basic sources of American law consists of the rules of law announced in court decisions, or precedents.
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This statement refers to the doctrine of stare decisis, which is a fundamental principle of American law where past court decisions or precedents establish legal standards for future cases.

One of the Basic Sources of American Law Consists of the Rules