Chapter 1 Study Guide and Checkpoints Flashcards
Identify the two divisions in the Canadian Legal System
1) Criminal Law
2) Civil Law
Brokers should always recommend clients questions concerning matters of law to who?
A qualified legal practitioner
Identify four Examples of CRIMINAL WRONGS
1) Drug trafficking
2) Murder
3) Polution
4) Burglary
Identify two duties of the state with respect to those who commit criminal wrongs
1) To prosecute
2) To punish
3 type of SANCTIONS criminal law uses to enforce its rules
1) Fines
2) Penalties
3) Imprisonment
Identify the two areas of CIVIL LAW
1) Tort Law
2. Contract Law
Identify the primary role of TORT LAW
To enable victims to obtain COMPENSATION for their LOSS from those that caused it
Define TORT
A PRIVATE or CIVIL WRONG OR INJURY, (other than contract), for which the court will provide a REMEDY in the form of an ACTION for DAMAGES
2 kinds of TORTS for which compensation may be provided by the courts
- Intentional torts
2. Unintentional
Define Breach of Contract
Failure, without LEGAL EXCUSE, to perform any PROMISE which forms the whole or part of a CONTRACT
2 ways that both criminal and civil laws are established
- Common Law
2. Statute Law
Common Law is also known as:
Case Law
How current court decisions are made in Common Law
By the RULE OF PRECEDENT
Statute law is:
WRITTEN LAW enacted by legislation
Which of statute law or common law supersedes or amends the other
Statute law supercedes
3 types of DAMAGES a court may award in tort actions
- Compensatory Damages
- Exemplary or Punitive Damages
- Nominal Damages
2 types of COMPENSATORY damages
- General Damages
2. Special Damages
3 types of GENERAL DAMAGES
- Humiliation
- Disfigurement
- Inconvenience
These are just examples
Examples of SPECIAL DAMAGES
- Doctor/dentist
- Travel Expense
- Nursing Fees
- Prosthetics
3 Factors that can impact on the amount of COMPENSATORY DAMAGES
- Financial circumstances
- Reputation
- Social Position
There are more, these are just examples
The purpose of exemplary or punitive damages
- to PUNISH
2. and to DETER
Explain why Nominal Damages may be awarded
When there is a desire to establish the VALIDITY of a plaintiffs claim. Nominal is where they are awarded like $1 only.
4 REMEDIES for a breach of contract
PEPP is the REMEDY!
- Provide for payment of damages to the injured party
- Enforce specific performance of the terms of the contract
- Prohibit the party from performing certain acts
- Permit rescission of the contract so as to return parties to pre-contract positions
Negligence
Fault or failure of the defendant to exercise reasonable care