1.

is the money awarded by a court to discipline the defendant in

order for him to reform or to deter him from engaging in similar conducts in the
future. Punitive damage
2. is the legal term used in court referring to the victim. Plaintiff
3. A Answer refers to the loss that arises directly because of the
damage to, the destruction of, or the disappearance of personal or physical
properties.direct loss
4. Fatimah was injured in an accident that was caused by Ali’s negligence. As
a result of the accident, Fatimah incurred RM10,000 in medical bill. She
filed and won a lawsuit against Ali and the medical bill was paid by the
judgment. What is the legal term used to refer to this money awarded by
the court? Special damage

5. is the money awarded by a court to indemnify the plaintiff’s

monetary and non-monetary losses. Compensatory damage
6. A business entity faces Answer loss exposure in the course of
doing business when it causes bodily injury or death to the employees or customers.
Liability

7. The cancellation of contract because goods are not shipped on time is an example
of Answer . Liability loss exposure
8. is the money awarded by a court to indemnify the plaintiff for
experiencing pain and emotional distress. General damage

9. The loss of business income due to the shutdown of an assembly line after a fire
happened in the production floor is an example of Answer .
Financial asset loss exposure

10. is the money awarded by a court to indemnify the plaintiff for his
losses as a result of the unlawful conducts of the defendant. Compensatory
damage

11. Financial risks are speculative risks that are generally non-Answer
but can be hedged against by using instruments such as futures
and options. Insurable risk
12. is the money awarded by a court to indemnify the plaintiff for his
non-monetary losses. General damage
13. is the money awarded by a court to penalize the defendant for his
actions that have led to the injury or property damage of the plaintiff. Punitive
damage
14. is the money awarded by a court to indemnify the plaintiff for the
amounts of medical expenses, lost wages, repair costs, replacement costs,
additional expenses incurred due to the loss of use of damaged property. Special
damage
15. is the money awarded by a court to indemnify the plaintiff for his
monetary losses. Special damage
16. is the legal term used in court referring to the wrong-doer.
Defendant / Tort-Feasor
17. An Answer refers to the loss that arises as a consequence of direct
loss. Indirect loss
18. The repair cost of a damaged machine is an example of Answer .
Direct loss
19. A manufacturer can be held legally liable for Answer when its
products cause harm to the users. Product liability
20. The cost of training a new worker to replace the injured worker who is absent from
work is an example of Answer . Liability loss exposure
21. A business entity faces Answer loss exposure in the course of
doing business when it causes bodily injury or death to the employees or customers,
and the damage of their properties. liability
22. A business entity faces Answer loss exposure in the course of
doing business when it causes property damage of the employees or customers.
liability
23. The medical cost of an injured worker is an example of Answer .
Human asset loss exposure
24. A surgeon can be held legally liable for Answer for being
negligence. Professional liability
25. A Answer refers to the loss that arises as a consequence of direct
loss. Physical asset loss exposure