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Business Law Outcome the main sources of Scots Law are; European legislation,UK Legislation(Westminister),Scitish Legislation(Holyrood),Judical Precedent, Institutional writers, Custom, Equity What is meant by the doctrine of judicial precedent;Judicial Precedent is the most important source of common law. Is called Case law, is made by judges in the course of deciding cases.To be regarded as common.