Explain the concept of precedent, making specific reference to the doctrine of promissory estoppel as developed in the case of C - Essay ExampleThe achieved stability allows for predictability in law in addition to offering some degree of individual rights security. Precedent also ensure that the law only develops with regards to the changing view-points of communities, thereby, reflecting, more accurately, the expectations and morals of the community. The concept of precedent makes a system adaptable to changing and varying circumstances; rational, highly practical, and puts into consideration various human experiences2. The doctrine of precedent also referred to stare decisis, is not only the most important aspect of Common Law, but is indeed a distinctive feature of the said tradition. It is true that, for dynamism and coherence, Common Law depends on precedent for the preservation of its tradition. Therefore, what is this concept of precedent, which is so much a key part of Common Law?
