Commercial Law Assignment 1 from Chao.docx - Commercial Law Assignment 1 from Wang Chaoyi(Chao Class C Question 1 Explain what the doctrine of precedent

Commercial Law Assignment 1 from Chao.docx - Commercial Law...

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Commercial Law Assignment 1 from Wang Chaoyi (Chao) Class C Question 1 : Explain what the doctrine of precedent is and explain 2 advantages of this principle and 1 disadvantage (7 marks). The doctrine of precedent is a fundamental constraint on judicial decision-making in Australia. The general idea behind the doctrine of precedent is that judges, when they are deciding cases, must pay proper respect to past judicial decisions. ng-precedent/ ( Matthew Harding 2013) Advantages of the doctrine of precedent 1. An advantage of judge made law is that decisions are based on principle – meaning that judges are not making up the law as they go. 2.The doctrine of precedent provides for consistency in the application of the  law, which therefore promotes justice and fairness (as the courts will decide  'like' cases in the same way). There is also some degree of certainty, as the  outcome of cases can be predicted based on previous decisions. The 
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