Hussein Got a Call Yesterday from First Bank, the Company

question 94

Multiple Choice

Hussein got a call yesterday from First Bank, the company that issued his credit card inquiring about an $105.00 charge made in Buenos Aires, Argentina. Upon learning that Hussein was in Detroit and had not made this purchase, the bank quickly took steps to cancel the card and issue a new one. Given the circumstances that Hussein's credit card number had an illegal transaction, he may also want to

• A) check his computer's firewall to make sure it's working.
• B) cancel his account and eliminate credit cards from his life.
• C) change his passwords and store them in a password manager.
• D) diversify his spending habits by using one of several credit cards when making purchases.

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Definitions:

Insolvent

A state where an individual or organization is unable to fulfill financial obligations due to lack of funds.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to obtain a loan.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to provide consistency across states.

Perfected

A term typically used in law to describe a state where a security interest or lien is officially established or completed, ensuring protection and priority.