CAIB 3 Chapter 1 Questions with Verified Solutions

CAIB 3 Chapter 1 Questions with Verified Solutions Identify the two divisions in the Canadian Legal System Criminal Law Civil Law Should brokers always recommend clients questions concerning maters of law to a qualified legal practitioner? Yes Identify eight examples of criminal wrongs 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 Prosecute Punish Identify the type of sanctions criminal law uses to enforce its rules Fine Penalty Imprisonment Identify the two areas of civil law Tort law Contract law Identify the primary role of tort law To enable victims to obtain compensation for their loss from those who caused it Identify two kinds of torts for which compensation may be provided by the courts Intentional torts Unintentional torts Identify the two ways that both criminal and civil laws are established Common law Statute law Common law is also called case law. Identify how current court decisions are made in common law 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 Statute law supercedes or amends the common law Identify the three types of damages that a court may award in tort actions Compensatory Damages Exemplary or punitive damages Nominal Damages Identify the two types of compensatory damages General Damages Special Damages Identify nine types of General Damages Disfigurement Embarrassment Humiliation Loss of service and of consortium Inconvenience Pain and suffering Permanency