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:

Daily Exercise

Regular physical activity performed on a daily basis to maintain or improve one's health and fitness.

Frequency Increase

An elevation in the rate or number of occurrences of a particular event or phenomenon within a specific time frame.

Partial Reinforcement

A conditioning principle where a behavior is reinforced only some of the time, leading to a slower acquisition of behavior but greater resistance to extinction.

Shaping

The process of reinforcing successive approximations of a desired behavior to teach new behaviors.