Debate thiS . . . Under the doctrine ofstare decisis, courts are obligated to follow the precedents established in

their jurisdiction unless there is a compelling reason not to. Should U.S. courts continue to adhere to this common law

principle, given that our government now regulates so many areas by statute?

Objective: Identify the classifications of law in which to address business issues. Mindset: Recognize that each classification applies to a specific fact pattern and cause of action. Instructions Understanding the areas of law that affect business decision-making is important for the enterprise to exist, operate, hire and pay employees, sell products, advertise, borrow money, interact with shareholders and stakeholders, calculate and pay taxes, and otherwise engage in commerce. You must understand the sources of law, the types of laws, the classification of law, the elements of a lawsuit, the arbitration and ADR processes, how to read and understand a published decision, and recognize that ethical conduct will go a long way towards keeping a business out of legal trouble. . Read Chapter 1 in your Cross and Miller textbook. . Read the Reviewing: Law and Legal Reasoning on p. 24 in your textbook. . Prepare to discuss the debate topic following the four questions in the Reviewing: Law and Legal Reasoning. As you do, integrate the Terms and Concepts presented on p. 24 in your Cross and Miller textbook. . Initial post due by Wednesday. Write a 300-word post addressing the points above. Be sure to include information from appropriate texts with proper citations