[Bank Statement Woes] While Examining Her Bank Statements in July

question 27

Multiple Choice

[Bank Statement Woes] While examining her bank statements in July, Ariel found several questionable items and telephoned her bank to sort out the problems. First, Ariel was charged $50 in a recurring direct withdrawal for her yoga class. However, Ariel had notified the bank at 4:30 p.m. the previous day that she wanted to cancel the automatic payment. Second, Ariel noticed two EFT payments in February to a veterinarian in another state, which Ariel is certain she did not authorize, since she does not have a pet. Third, Ariel noticed several EFT payments for a magazine subscription, which Ariel did not authorize and she never received any magazines. Also, Ariel wants to stop payment on an internet order she made two hours ago for an expensive watch.
-Is Ariel correct that the EFT charges for the magazine subscription should be removed because it was not authorized?

• A) Yes, because Ariel did not authorize the payment, regardless of whether she received the magazines.
• B) Yes, but only if Ariel can prove that she did not authorize the payment and that she did not receive the magazines.
• C) Yes, as long as she did not give her personal ID number to the unauthorized party and she notified the bank of the error within 60 days, then the charge should be removed since she did not receive the magazines.
• D) No, even if she received the magazines, the charge should be removed so long as she notified the bank of the error within 60 days.
• E) No, even if she gave her personal ID number to the unauthorized party, the charge should be removed so long as she notified the bank of the error within 60 days and she did not receive the magazines.

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Definitions:

Incidence Of Fleas

Typically refers to the occurrence or rate at which fleas are found on animals or in environments, not a standard economic term.

Intention To Treat

Intention To Treat is an approach in clinical trials where all participants are included in the final analysis regardless of whether they completed the study as per the protocol.

Randomly Selected

Chosen without a specific pattern, order, or method, ensuring each item has an equal chance of being selected.

Causation

A relationship between two events where one directly affects or brings about the change in the other.