if your credit card is stolen and the thief runs up a total of $1,000, but you notify the issuer of the card…

if your credit card is stolen and the thief runs up a total of $1,000, but you notify the issuer of the card as soon as you discover its missing, what is the maximum amount you could be held responsible to pay?\na. $500\nb. $100\nc. $50\nd. none

if your credit card is stolen and the thief runs up a total of $1,000, but you notify the issuer of the card as soon as you discover its missing, what is the maximum amount you could be held responsible to pay?\na. $500\nb. $100\nc. $50\nd. none

Answer

Brief Explanations:

Under U.S. law, if you notify the credit - card issuer promptly upon discovering your card is missing, your maximum liability for unauthorized charges is $50.

Answer:

C. $50