If a Consumer Reports the Loss Before the Card Is

question 31

Multiple Choice

If a consumer reports the loss before the card is used, the consumer: ______.

• A) is not liable for any charges.
• B) is only liable for losses up to $50.
• C) is not liable for losses over $500.
• D) is liable if they failed to examine periodic banking statements.

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Definitions:

Weak Disposition

A tendency or inclination to behave in a certain way that is perceived as lacking in strength, confidence, or decisiveness.

Critical Thinking

Thoroughly exploring and critiquing a problem in order to reach a determination.

Preconceptions

Ideas or opinions formed before having evidence for their truth or usefulness, often influencing new information interpretation.