Explain the concept of stare decisis

Assignment Help Business Law and Ethics

Reference no: EM133193894 , Length: 1 page

Question: Managing Disputes: Alternative Dispute Resolution and Litigation Strategies.

Initial Postings: Read and reflect on the assigned readings for the week. Then post what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding in each assigned textbook chapter.Your initial post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion.

Also, provide a graduate-level response to each of the following questions:

Franklin Felon shot and killed two people during a robbery. Why was this act a violation of both criminal and civil law?

Cash Right Now, LLC provides very high interest loans to people with poor credit scores that have a high probability of defaulting on the loan. Many people do in fact default on these loans; however, Cash Right Now, LLC does make a substantial profit overall, even considering these defaults. The people that borrow from Cash Right Now, LLC are unlikely to obtain credit elsewhere. Discuss if Cash Right Now, LLC's business practices are ethical considering it charges much higher interest rates than traditional banks.

Explain the concept of "stare decisis" and why it is important to the American legal judicial system.

Explain the pros and cons of utilizing litigation to resolve a dispute as opposed toalternatives to dispute resolution.

Reference no: EM133193894

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