The principle by which judges are bound to precedents is known as stare decisis. Black's Law Dictionary defines precedent as a rule of law established for the first time by a court for a particular type of case and thereafter referred to in deciding similar cases..
Oak Island is a seaside town located mostly on the barrier island of Oak Island (which also contains the town of Caswell Beach), in Brunswick County, North Carolina.
The Oak Island Money Pit is an excavation on a small Canadian island off the coast of Nova Scotia that has been the object of attention of treasure hunters since 1795. As the name suggests, their efforts to date have not produced anything of value. The pit has been repeatedly filled and re-excavated.