CAIB 3 Chapter 1
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
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
Identify two kinds of torts for which compensation may be provided by the courts - Answer-Intentional
torts
Unintentional torts
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
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
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
Identify two kinds of torts for which compensation may be provided by the courts - Answer-Intentional
torts
Unintentional torts
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
