When the Creditor Has Been Notified That a Credit Card

question 66

Multiple Choice

When the creditor has been notified that a credit card was lost, the liability of the credit card holder is limited to:

• A) $100.
• B) $75.
• C) $50.
• D) None of these; liability is unlimited.

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Definitions:

Long-Term Liabilities

Debts or obligations that are due more than one year in the future.