18 fill in the blank 5 points dans credit card was lost on vacation. he immediately reported it. a person…
18 fill in the blank 5 points dans credit card was lost on vacation. he immediately reported it. a person found it a few days later and charged $1,200 on the card. how much is dan responsible for paying? type your answer..
Answer
Explanation:
Step1: Recall credit - card liability law
In the United States, if a credit - card holder reports the loss or theft of a credit card immediately, the cardholder's liability for unauthorized charges is limited. Once reported, the cardholder is not responsible for any unauthorized charges made after the report. Since Dan immediately reported the loss of his credit card and the $1,200 charge was made after the report, he has no liability.
Answer:
0