Final answer:
A. The Supreme Court of Canada issued the ruling in the case of Deglman v. Guaranty Trust Co. [1954]. It serves as the final court of appeal and its decisions set legal precedents. Notably, precedents can have significant consequences, as seen in the Dred Scott case in the U.S., which set a negative precedent by denying rights to African Americans.
Step-by-step explanation:
The ruling in the case of Deglman v. Guaranty Trust Co. [1954] S.C.R. 725 was issued by the Supreme Court of Canada. This case is associated with the legal interpretation of contracts and the enforcement of oral promises. The subject matter deals with legal principles which are part of the law curriculum at a college level.
Importance of Supreme Court Rulings
Rulings from the Supreme Court of Canada, like in Deglman v. Guaranty Trust Co., are critical as they set precedent and guide the interpretation of law across the country. When the Supreme Court makes a decision, it becomes the final ruling and is followed by all other courts in the country, serving as a benchmark for future cases. As such, the Supreme Court's decisions can profoundly impact the legal landscape.
Landmark Cases and Precedents
Considering whether a federal ruling on a landmark case may set a bad precedent, it is worthwhile to reference a case like the infamous Dred Scott v. Sandford decision by the United States Supreme Court. In that 1857 case, the court ruled that African Americans, whether enslaved or free, could not be American citizens and that Congress had no authority to ban slavery in U.S. territories. This controversial decision is often cited as a negative precedent because it denied rights and liberties to an entire class of people.