Milton Ordered a Fancy Telescope from a Catalogue,using His Bank

question 52

Multiple Choice

Milton ordered a fancy telescope from a catalogue,using his bank credit card.When it arrived it seemed quite different from the telescope of the catalogue description.Neither the catalogue company nor the manufacturer would take the telescope back.Milton now wants the chartered bank that issued the credit card to reverse the charges.Does Milton have a legal claim against the bank?

• A)Yes,the federal Bank Act requires chartered banks to be advocates for consumers in respect to credit card purchases.
• B)No,Milton must pursue remedies through the Better Business Bureau.
• C)Yes,they are the assignee of the seller.
• D)No,the bank is a lender to Milton and not an assignee of contracts from sellers.
• E)Yes,he has,but who can afford to sue a chartered bank?

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Definitions:

North American Deer

A group of species including white-tailed deer and mule deer that are native to North America, known for their antlers that they shed and regrow annually.

Naturalistic Observation

A study method where participants are monitored in their usual surroundings with no alteration by the researcher.

Native Habitat

The natural environment in which a species lives and evolves.

Survey Research

A research method involving the collection of data from a predetermined group of respondents to gain information about populations or phenomena.