LAW 122 Finals prep Questions and Answers | New
2025/2026 Update | With Complete Solutions
Risk Management
is the process of identifying, evaluating and responding to the possibility of harmful events
Law
a rule that can be enforced by the courts
Civil Law
systems trace their history to ancient Rome
Jurisdiction
a geographical are that uses the same set of laws
Common Law
systems trace their history to England
Public Law
is concerned with governments and the ways in which they deal with their citizens
Constitutional law
provides the basic rules of our political and legal systems
Administrative Law
concerned with the creation and operation of administrative agencies, boards, commissions and
tribunals
,Criminal Law
deals with offences against the state
Tax law
is concerned with the rules that are used ot collect money for public spending
Private Law
is concerned with the rules that apply in private matters
Tort
a private wrong
Law of contracts
concerned with the creation and enforcement of agreenments
Law of Property
concerned with the acquisition, use and disposition of property
Constitution
the document that creates the basic rules for Canadian society, including its political and legal
systems
Division of Powers
states the areas in which each level of government can act
Residual power
gives the federal government authority over everything that is not specifically mentioned
,Direct tax
expected to fall on the taxpayer
indirect tax
expected to be passed on from the taxpayer to someone else, such as the taxpayer's customers
Doctrine of Federal Paramountcy
determines which law applies based on the constitution's division of powers
Property rights
are rights to own and enjoy assets
Economic rights
are rights to carry on business activities
Parliamentary supremacy
means that while judges are required to interpret constitutional and statutory documents, they
must also obey them
Legislation
is law that is created by parliament or a legislature
Subordinate legislation
the term given to regulations that are created with the authority of parliament or the legislature
Municipality
a town or city
, by-law
a type of subordinate legislation that is created by a municipality
Equity
in a general sense, fairness
trust
exists anytime that one person owns property for the benefit of another
Litigation
the system of resolving disputes in court
Class action
allows a single person or a small group of people to sue on behalf of a larger group of claimants
Certification
represents the courts decision to allow the various claims to be joined together and to proceed as
a class action
Professional Liability Insurance
allows a client to receive compensation from a lawyer's insurance company if the lawyer has
acted carelessly
Assurance fund
provides compensation to people who have been hurt by dishonest lawyers
paralegal
2025/2026 Update | With Complete Solutions
Risk Management
is the process of identifying, evaluating and responding to the possibility of harmful events
Law
a rule that can be enforced by the courts
Civil Law
systems trace their history to ancient Rome
Jurisdiction
a geographical are that uses the same set of laws
Common Law
systems trace their history to England
Public Law
is concerned with governments and the ways in which they deal with their citizens
Constitutional law
provides the basic rules of our political and legal systems
Administrative Law
concerned with the creation and operation of administrative agencies, boards, commissions and
tribunals
,Criminal Law
deals with offences against the state
Tax law
is concerned with the rules that are used ot collect money for public spending
Private Law
is concerned with the rules that apply in private matters
Tort
a private wrong
Law of contracts
concerned with the creation and enforcement of agreenments
Law of Property
concerned with the acquisition, use and disposition of property
Constitution
the document that creates the basic rules for Canadian society, including its political and legal
systems
Division of Powers
states the areas in which each level of government can act
Residual power
gives the federal government authority over everything that is not specifically mentioned
,Direct tax
expected to fall on the taxpayer
indirect tax
expected to be passed on from the taxpayer to someone else, such as the taxpayer's customers
Doctrine of Federal Paramountcy
determines which law applies based on the constitution's division of powers
Property rights
are rights to own and enjoy assets
Economic rights
are rights to carry on business activities
Parliamentary supremacy
means that while judges are required to interpret constitutional and statutory documents, they
must also obey them
Legislation
is law that is created by parliament or a legislature
Subordinate legislation
the term given to regulations that are created with the authority of parliament or the legislature
Municipality
a town or city
, by-law
a type of subordinate legislation that is created by a municipality
Equity
in a general sense, fairness
trust
exists anytime that one person owns property for the benefit of another
Litigation
the system of resolving disputes in court
Class action
allows a single person or a small group of people to sue on behalf of a larger group of claimants
Certification
represents the courts decision to allow the various claims to be joined together and to proceed as
a class action
Professional Liability Insurance
allows a client to receive compensation from a lawyer's insurance company if the lawyer has
acted carelessly
Assurance fund
provides compensation to people who have been hurt by dishonest lawyers
paralegal
