Why Are Some Risks Diversifiable and Some Nondiversifiable? Give an Example

question 40

Essay

Why are some risks diversifiable and some nondiversifiable? Give an example of each.

Understand the legal profession's structure, including the roles of the Canadian Bar Association and lawyer referral services.

Understand the role and limitations of duty counsel in legal matters.

Recognize the advantages of maintaining an ongoing relationship with a lawyer.

Comprehend the purpose and use of retainers in legal practice.

---

Definitions:

Ideological Concerns

Issues or debates that arise from deeply held beliefs or values within a society or political system.

Original Jurisdiction

The authority of a court to hear a case for the first time, as opposed to appellate jurisdiction.

Stare Decisis

The legal principle of determining points in litigation according to precedent.

Writ of Certiorari

An order by a higher court directing a lower court to deliver the records of a case for review, often used by the Supreme Court to choose the cases it will hear.