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What is Judicial Precedent? Define ratio decidendi. What does obiter dictum mean? What is the status of obiter statements? Is the process of establishing the

What is Judicial Precedent?
Define ratio decidendi.
What does obiter dictum mean? What is the status of obiter statements?
Is the process of establishing the ratio of a case straightforward?What difficulties arise in determining the exact scope of the ratio of a case?
What happens if a judge dislikes an earlier decision?
What is the legal status of these rules of judicial precedent?

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