What Categories of Individuals May Not Recover a Financial Award

question 28

Short Answer

What categories of individuals may not recover a financial award under the Dodd-Frank Act?

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Definitions:

Contract Voidable

A contract that is valid but may be declared void at the option of one of the parties to the contract.

Non Est Factum

A legal defense claiming that a signed agreement is invalid because the signer was unaware of its true nature due to a significant mistake or misrepresentation.

Extended Warranty

An additional warranty that covers the repair or replacement of items beyond the standard warranty period.

Chequing Account

A bank account from which money can be quickly withdrawn using checks, debit cards, or electronic methods.