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CAIB 2 Full Study Guide Exam|Questions and Verified Answers | 100% Correct | Grade A+

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CAIB 2 Full Study Guide Exam|Questions and Verified Answers | 100% Correct | Grade A+

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CAIB 2 Full Study Guide Exam|Questions and Verified Answers
| 100% Correct | Grade A+




Identify the two divisions in the Canadian Legal System -
Answer Criminal Law
Civil Law


Brokers should always recommend clients questions
concerning maters of law to a qualified legal practitioner. True
or False - Answer True


Identify eight examples of criminal wrongs - Answer
Certain uses of an automobile
Possession and trafficking of drugs
Murder
Voluntary manslaughter
Burglary, robbery and theft

,Price fixing
Pollution of the air and water
False advertising


Identify two duties of the state with respect to those who
commit criminal wrongs - Answer Prosecute
Punish


Identify the type of sanctions criminal law uses to enforce its
rules - Answer Fine
Penalty
Imprisonment


Identify the two areas of civil law - Answer Tort law
Contract law


Identify the primary role of tort law - Answer To enable
victims to obtain compensation for their loss from those who
caused it

,Define Breach of Contract - Answer Failure to meet the
conditions specified under legal agreement


Identify two kinds of torts for which compensation may be
provided by the courts - Answer Intentional torts
Unintentional torts


Define Tort - Answer A civil wrong committed against a
person or property


Identify the two ways that both criminal and civil laws are
established - Answer Common law
Statute law


Common law is also called case law. Identify how current
court decisions are made in common law - Answer Current
court decisions must follow those made in cases having similar
circumstances. This is known as Rule of Precedent


Statute law is written law enacted by legislation. Identify
which of statute law or common law supersedes or amends

, the other - Answer Statute law supercedes or amends the
common law


Identify the three types of damages that a court may award in
tort actions - Answer Compensatory Damages
Exemplary or punitive damages
Nominal Damages


Identify the two types of compensatory damages - Answer
General Damages
Special Damages


Identify nine types of General Damages - Answer
Disfigurement
Embarrassment
Humiliation
Loss of service and of consortium
Inconvenience
Pain and suffering
Permanency

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