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
Precedent is a component of common law
Precedent
"Precedent"?
The Common Law
The Common Law
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 precedent man wanted everyone to know that he changed the law.
Common law precedent simply refers to the tradition in the Anglo-American legal system of following the rules set down in previous cases involving the same facts. As such, there is no particular time when common law precedent was enacted or affected as a general matter. Each particular precedent came into being when the first case that addressed the issue was decided.
"precedent" means that the judgment made by law. "common law" means that as well as precedent, but it came from England
"Precedent" means coming before, something which precedes. In law it means a past decision in a similar case.
a legal precedent is principles of law set down by a higher court that are binding on lower courts in the same hierachy