A Credit-Cardholder Is Liable for All Unauthorized Charges Made Before

question 37

True/False

A credit-cardholder is liable for all unauthorized charges made before the creditor is notified that the card has been lost.​

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Definitions:

Wrongful Acts

Actions or behaviors that are illegal or immoral, leading to harm or injury against another person or entity.

Agent

An individual or entity authorized to act on behalf of another (the principal) in dealings with third parties.

Register

is to officially record or enroll something or someone's details in a formal list or database.

Partnership

A legally approved business partnership where several individuals jointly oversee the operation and divide the profits among themselves.