Cedrick's Credit Card Was Stolen,and He Did Not Realize That

question 41

Multiple Choice

Cedrick's credit card was stolen,and he did not realize that it was stolen until he received his most recent billing statement.He contacted the credit card company immediately after he read his statement.Fraudulent charges were as follows: $250 for a Blue-ray player,$600 for a new set of tires,$200 cash withdrawal,and $40 in interest charges on the above items.He did not carry credit card insurance.How much is Cedrick's potential maximum liability?

• A)$40.00
• B)$50.00
• C)$850.00
• D)$1,050.00
• E)$1,090.00

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