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CAIB 3 Chapter 1 Exam Questions and Answers 100% Pass
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CAIB 3 Chapter 1 Exam Questions and 
Answers 100% Pass 
Identify the two divisions in the Canadian Legal System - Answer- Criminal Law 
Civil Law 
Should brokers always recommend clients questions concerning maters of law to a 
qualified legal practitioner? - Answer- Yes 
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 ...
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CAIB 3 - Chapter 5 - Surety Bonds Questions and Answers 100% Pass
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CAIB 3 - Chapter 5 - Surety Bonds 
Questions and Answers 100% Pass 
What guarantees are provided by various licence and permit bonds? - Answer- 1. 
Compliance Guarantees 
2. Financial Guarantees 
3. Credit Guarantees 
Surety - Answer- -The state of being sure, certain and secure. 
-"one who undertakes to pay money or to do any other act in event that his (the) 
principal fails therein." 
-Promises to answer for the default of the principal. 
Suretyship - Answer- A guarantee of performance made...
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CAIB 3 Practice Exam 2024 with 100% correct answers
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What is the name given to the collection of written decisions? - correct answer Case Law 
 
Explain the concept of the Rule of Precedent. - correct answer Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. 
 
Explain the meaning of the term "damages". - correct answer Compensation in money for the loss or damage suffered. 
 
Compensatory damages f...
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CAIB 1,2,3 & 4 Bundled Exams Questions and Answers Multiple Versions Latest Update (2024/2025) (Complete, Accurate, and Verified)
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CAIB 1,2,3 & 4 Bundled Exams Questions and Answers Multiple Versions Latest Update (2024/2025) (Complete, Accurate, and Verified)
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CAIB 3 Bundled Exams Questions and Answers with Verified Solutions
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CAIB 3 Bundled Exams Questions and Answers with Verified Solutions
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CAIB 3 Practice Exam 2024 with 100% correct answers
- Exam (elaborations) • 13 pages • 2024
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What is the name given to the collection of written decisions? - correct answer Case Law 
 
Explain the concept of the Rule of Precedent. - correct answer Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. 
 
Explain the meaning of the term "damages". - correct answer Compensation in money for the loss or damage suffered. 
 
Compensatory damages f...
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CAIB 3 Exam Questions with All Correct Answers
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CAIB 3 Exam Questions 
with All Correct Answers 
 
Civil Law - Answer-the body of law concerned with civil or private rights and remedies, 
as contrasted with criminal law which deals with wrongs against society. 
Tort - Answer-a private or civil wrong or injury, other than breach of contract, for which 
the court will provide a remedy in the form of an award for damages. 
Breach of Contract - Answer-is the failure, without legal excuse to perform any promise 
which forms the whole or part of th...
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CAIB 3 Practice Exam Questions with Correct Answers
- Exam (elaborations) • 11 pages • 2024
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CAIB 3 Practice Exam 
Questions with Correct 
Answers 
 
What is the name given to the collection of written decisions? - Answer-Case Law 
Explain the concept of the Rule of Precedent. - Answer-Current court decisions must 
follow those made in cases having similar circumstances, which allows the development 
of a logical body of general principles against which specific cases to be compared. 
Explain the meaning of the term "damages". - Answer-Compensation in money for the 
loss or damage suf...
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CAIB 3 Practice Exam Questions with Correct Answer_2024
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CAIB 3 Practice Exam Questions with Correct Answer_2024
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CAIB 3 Practice Exam questions with correct answers
- Exam (elaborations) • 17 pages • 2024
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CAIB 3 Practice Exam questions with correct answers