What does "stare decisis" refer to?

"Stare decisis" is a fundamental legal principle that means "to stand by things decided." It refers to the doctrine that requires courts to follow established precedents when making decisions in similar cases. This practice ensures consistency and stability in the law, allowing parties to have a clear understanding of legal outcomes based on prior decisions. By adhering to this rule of precedent, courts promote fairness and predictability, which are essential components of a functioning legal system.

In contrast, other options do not accurately describe "stare decisis." The rule of consensus among judges, the governance of jury decisions, and the requirement for trial by jury all pertain to different aspects of judicial or procedural law rather than the specific doctrine of precedent. Thus, understanding "stare decisis" as the rule of precedent is crucial for recognizing its role in shaping legal interpretations and decisions over time.