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________ Refers to the Process of Placing a Small Charge

question 53

Multiple Choice

________ refers to the process of placing a small charge on a credit card to ensure it is working.


Definitions:

Material Fact

Any fact that could influence a party's decision to enter into a contract or transaction; important information that should not be misrepresented or withheld.

Legal Duty

An obligation recognized by law, requiring an individual or entity to conform to a certain standard of conduct for the protection of others.

Negligence

A failure to behave with the level of care that someone of ordinary prudence would have exercised under the same circumstances, often leading to harm or damage.

Breached

The act of failing to fulfill the terms of a contract, agreement, or duty.

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