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CAIB 3 COMPREHENSIVE EXAM 2026 COMPLETE QUESTIONS AND SOLUTIONS ALREADY PASSED

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CAIB 3 COMPREHENSIVE EXAM 2026 COMPLETE QUESTIONS AND SOLUTIONS ALREADY PASSED

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January 24, 2026
Number of pages
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Written in
2025/2026
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CAIB 3 COMPREHENSIVE EXAM 2026
COMPLETE QUESTIONS AND SOLUTIONS
ALREADY PASSED

⩥ Tort. Answer: private or civil wrong or injury, other than breach of
contract, where the court will provide remedy by action for damages


⩥ breach of contract. Answer: Failure, without legal excuse, to perform
any promise which is the whole or part of a contract


⩥ Rule of Precedent. Answer: Basic concept where current court
decisions must follow those made in cases with similar circumstance


⩥ Statue Law. Answer: Written law that supersedes or amends common
law


⩥ Damages. Answer: Compensation in money for the loss or damage
suffered


⩥ Compensatory Damages. Answer: Compensation for bodily injury or
property damage

, ⩥ General Damages. Answer: Cannot be determined in monetary terms
but reflect an amount the court believes is necessary to compensate the
wronged party fairly


⩥ Special Damages. Answer: Out of pocket expenses


⩥ Exemplary or Punitive Damages. Answer: Damages awarded over and
above compensatory damages. Purpose is to punish and make an
example of the defendant.


⩥ Nominal Damages. Answer: A small monetary award (often one
dollar) granted to a plaintiff when no actual damage was suffered.


⩥ Doctrine of Negligence. Answer: The duty of all persons to exercise
due care in their conduct towards others from which injury may result


⩥ Negligence. Answer: Fault or failure to exercise reasonable care


⩥ Strict Liability. Answer: The person conducting the activity will be
found liable in the event of damage or injury due the hazardous nature of
the activity


⩥ Occupier. Answer: A person who has immediate supervision and
control of the premises and the power to admit and exclude the entry of
others
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