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?