Caib 3 practice exam Study guides, Class notes & Summaries

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 suffered. Compensatory damages for bodily injury are ...

CAIB 3 Practice Exam Questions and Answers 100% Pass 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 su...

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...

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 s...

CAIB 3 Practice Exam Questions with Correct Answer_2024

CAIB 3 - Exam Practice Questions with 100% correct answers Breach of Contract - answerFailure to perform a promise in a contract without legal excuse Trespass - answerUnlawful interference with someone's person, property, or rights False Imprisonment - answerUnlawfully holding someone against their will Easement - answerRight to use another person's land Constructive Total Loss (MARINE INSURANCE) - answerWhen the cost of salvaging cargo is too high compared to its value Freight (MARINE...

"Step Three" in the risk management process involves the selection of risk management techniques. After various risk control and risk financing options have been determined the organization must decide on the best combination that will achieve the organization's objectives. Selection of the risk management techniques is based on forecasting and the application of the selection criteria. a) The organization must conduct three forecasts. Indicate the nature of these forecasts - correct a...

CAIB 3 Practice Exam Questions and Answers 100% Pass 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 su...

What is the name given to the collection of written decisions? Case Law Explain the concept of the Rule of Precedent. 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. Brainpower Read More 0:05 / 0:15 Explain the meaning of the term "damages". Compensation in money for the loss or damage suffered.

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