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CAIB 3 Chapter 1 Checkpoints Questions and Answers Accurate

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CAIB 3 Chapter 1 Checkpoints

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CAIB 3
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CAIB 3








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Institution
CAIB 3
Course
CAIB 3

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Uploaded on
March 30, 2025
Number of pages
3
Written in
2024/2025
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Exam (elaborations)
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CAIB 3 Chapter 1 Checkpoints

Role of Criminal Law and Civil law. - answer Civil Law is a body of law concerned with
private and civil rights and remedies, as contrasted with criminal law which deals with
wrongs against society. The primary focus of criminal law is on punishing person(s)
responsible for crime.

a) kinds of torts for which compensation may be provided by the court
b)example of breach of contract - answer The kinds of torts for which compensation
may be provided include intentional and unintentional tort. (Tort Law)

When a building contractor quits a project before completing work he has agreed to in a
legal contract, legal action may be initiated by the owner for breach of contract (Contract
Law)

Two main bodies of law relating to criminal and civil matters. - answer Common and
statute law

Principles of
a) Common Law
b) Statute Law - answerIn common law, the basic concept that the current court
decision must follow those made in cases having similar circumstances. This custom of
standing by previous decision is know as the rule of precedent.

Statute law is a written law enacted by federal and provincial legislation which
supersedes and amends common law.

Damages
a) that help the victim withstand financial consequences
b) purpose of those - answerCompensatory damages are damages which are intended
to compensate the injured party for bodily injury or property damage sustained.

Remedies of breach of contract - answerBreach of contract is a failure, without legal
excuse, to perform any promise which forms the whole or part of the contract.

When there is a breach, the court may rule:

1. provide for payment of damages to the injured party.
2. enforce specific performance of the contract.
3. grant an injunction prohibiting a party to the contract from performing certain acts, or
ensure a party to the contract performs certain acts.
4. permit rescission os the contract so as to return the parties to their pre contract
positions.

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