What are tangible financial losses that can be documented called?

• A. General Damages
• B. Special Damages
• C. Aggregate Damages
• D. Punitive Damages

Answer: (B)

Tangible financial losses that can be documented are referred to as special damages. These losses are specific and measurable, often including expenses such as medical bills, lost wages, and property damage. The key characteristic of special damages is that they can be quantified with actual figures, allowing the claimant to demonstrate the exact financial impact they have experienced due to an incident, such as an accident or breach of contract.

In contrast, general damages typically refer to non-economic losses such as pain and suffering, emotional distress, or loss of enjoyment of life, which are more subjective and harder to quantify. Aggregate damages is not a standard term used in this context, and punitive damages are intended to punish the wrongdoer rather than compensate the victim for tangible losses. Thus, special damages is the correct term that aligns with the definition of documented, measurable financial losses.