Business Law Question:

Which of the following is INCORRECT in relation to business disputes according to the doctrine of precedent? Select one: 0 a. Old cases are irrelevant because society constantly changes. and it is important for the law to reect current community values. 0 b. The "ratio decidendi\" is the legal reasoning upon which a court makes a decision, and it is legally binding, whereas the "obiter dicta" is the portion of a written judgment that is not strictly necessary for the decision, and it can only ever be persuasive. O c. "Stare decisis\" is the principle that like cases should be decided alike, where the material facts are similar. 0 d. Cases deciding upon statutory interpretation issues can constitute precedent