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 history of the Oak Island treasure, as far as it is known, goes back to 1795 when three young men named Vaughan, MacGinnis and Smithâfar from romantic namesâstarted out for a day's holiday on Oak Island.