A Credit Card Holder's Liability for Unauthorized Use of the Charge

question 14

True/False

A credit card holder's liability for unauthorized use of the charge card is unlimited if the card was lost or misplaced.

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Definitions:

Personal Files

Personal files are records kept by an organization that contain various documents related to an employee, such as employment contracts, performance evaluations, and disciplinary actions.

Unreasonable Risks

Risks associated with a product or activity that exceed what would be considered acceptable or safe under normal circumstances.

Reasonably Safe Conditions

Conditions that do not present a significant risk of harm to individuals and are maintained according to accepted standards of safety.

Agency Contract

A legal agreement where one party, the agent, acts on behalf of another party, the principal, in business transactions.