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CAIB 3 Exam Best & Latest Verified Study Guide 2025/2026

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CAIB 3 Exam Best & Latest Verified Study Guide 2025/2026 Civil Law - Correct 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 - Correct 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 - Correct Answer is the failure, without legal excuse to perform any promise which forms the whole or part of the contract. Rule of Precedent - Correct Answer basic concept in common law in which current court decisions must follow those made in cases having similar circumstances. Statute Law - Correct Answer written law enacted by provincial or federal legislation. It amends or supercedes the common law. Damages - Correct Answer compensation in money for the loss or damage suffered. Compensatory Damages - Correct Answer are damages intended to compensate the injured party for the bodily injury or property damage sustained. General Damages - Correct Answer are damages which cannot be exactly

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  • civil law
  • tort
  • caib 3 exam best latest verified study guide 202
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