The Fair Credit Billing Act

question 222

Multiple Choice

The Fair Credit Billing Act:

• A) prohibits the mailing of credit cards
• B) holds that if a consumer notifies a credit card company in a timely fashion that a card has been stolen there is no liability for unauthorized charges
• C) holds that a consumer must pay credit card companies the disputed amount but disputes must be resolved in 180 days
• D) all of the other specific choices
• E) none of the other choices

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Definitions:

Social Exchange Theory

A sociological and psychological theory that suggests human relationships are formed by the use of a subjective cost-benefit analysis and the comparison of alternatives.

Prospective Partners

Individuals considered or evaluated for potential romantic or business partnerships.

Relationship

A connection, association, or involvement between two or more parties, either individuals or entities.

Deal

An agreement entered into by two or more parties for the purpose of achieving a certain objective, often used in contexts of business or trade.