http://www.lectlaw.com/def2/s065.htm
Lat. "to stand by that which is decided." The principal that the precedent decisions are to be followed by the courts.
To abide or adhere to decided cases.  It is a general maxim that when a 
point has been settled by decision, it forms a precedent which is not 
afterwards to be departed from. The doctrine of stare decisis is not 
always to be relied upon, for the courts find it necessary to overrule 
cases which have been hastily decided, or contrary to principle. Many 
hundreds of such overruled cases may be found in the American and 
English books of reports.
An appeal court's panel is "bound by decisions of prior panels unless an
 en banc decision, Supreme Court decision, or subsequent legislation 
undermines those decisions." United States v. Washington, 872 F.2d 874, 
880 (9th Cir. 1989).Although the doctrine of stare decisis does not 
prevent reexamining and, if need be, overruling prior decisions, "It is .
 . . a fundamental jurisprudential policy that prior applicable 
precedent usually must be followed even though the case, if considered 
anew, might be decided differently by the current justices. This policy .
 . . 'is based on the assumption that certainty, predictability and 
stability in the law are the major objectives of the legal system; i.e.,
 that parties should be able to regulate their conduct and enter into 
relationships with reasonable assurance of the governing rules of law.'"
 (Moradi-Shalal v. Fireman's Fund Ins. Companies (1988) 46 Cal.3d 287, 
296.) Accordingly, a party urging overruling a precedent faces a rightly
 onerous task, the difficulty of which is roughly proportional to a 
number of factors, including the age of the precedent, the nature and 
extent of public and private reliance on it, and its consistency or 
inconsistency with other related rules of law.
 
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