The Judiciary and The Common Law Tradition Distinguish between common law and civil law systems o Two Distinctions: The authority of courts to develop rules governing certain areas of law Torts and contracts Broad discretion to interpret statues, meaning can change but words remain the same o Ex: Civil Rights Act of 1964, in effect for 50 years, in the last two years meaning has changed The obligation of judges to follow precedent In civil law system judges have no independent authority to develop rules All law comes from legislative branch of government Judges decision are not precedent for future decisions o Principle by which a judge;s decision becomes a precedent is known as a Stare Decisis Means to stand on decided cases Judges are obligated to follow the precedents established within their jurisdictions Stare Decisis contributes to predictability and stability to the law, which benefits you as a businessperson. Gives you the opportunity to selfregulate in order to avoid litigation. Highest court in TN is TN Supreme Court Decisions in this court are only precedent towards TN but not to any state outside of TN Highest court in the US is the US Supreme Court Decision are precedent for all courts in the US