When a court follows a 'prededent' it means that the same matter (or one very similar to it) has been adjudicated in the past. Altho judges are not REQUIRED to follow precedent, many do.
Precedent is a component of common law
The Common Law
The Common Law
"Precedent"?
Precedent
Where the law does not set a precedent to be followed by Courts lower in the Court hierarchy, it must turn to the Statute (or legislation) that is prescribed in that area
Common law refers to law developed by judges through decisions of courts that are called precedent. Roman law, or civil law, differs from common law in that it is based solely on a legal code instead of precedent.
common law is based on precedent rather on statute law
The relationship between precedent and statutory interpretation influences how laws are understood and applied. Precedent, or past court decisions, can guide how laws are interpreted in similar cases. Statutory interpretation involves analyzing the language and intent of laws passed by legislatures. By considering both precedent and statutory interpretation, judges can make informed decisions that uphold consistency and fairness in the legal system.
The precedent man wanted everyone to know that he changed the law.
Common law, which is based on the law of precedent, plays a significant role in shaping real estate practices and regulations. Precedents set by previous court decisions help establish consistent principles for property rights, contracts, and disputes related to real estate transactions. This body of law influences how real estate professionals interpret legal issues and make decisions in the industry.
I'm not sure whether you mean "president" or "precedent," so I'll define both...PresidentWikipedia: The President of the United States of America is the head of state and head of government of the United States. The president leads the executive branch of the federal government and is the commander-in-chief of the United States Armed Forces.PrecedentIn law, a precedent is principle or rule established in a case that influences future decisions.Black's Law Dictionary defines "precedent" as a "rule of law established for the first time by a court for a particular type of case and thereafter referred to in deciding similar cases."