It is said that "The doctrine of stare decisis not only produces stability and predictability in the common law but also enables the common law to evolve to meet changing social conditions."

Explain the doctrine of stare decisis. Be sure to address EACH of the following:

• What does the doctrine mean - literally, and how is it used?
• How does its application produce stability and predictability in the common law?
• In what way does it enable the common law to evolve to meet changing social conditions?