Fact Pattern 17-3

question 43

Multiple Choice

Fact Pattern 17-3
Mike loses his National Bank access card. He realizes his loss the next day but waits a week to call National. Meanwhile, Opal finds and uses Mike’s card to withdraw $3,000 from Mike’s account.
-Refer to Fact Pattern 17-3.When Mike receives his National statement,he demands that the bank investigate the matter and recredit his account.The bank

• A)has no duty to investigate.
• B)must investigate and,if the dispute is not resolved within ten days,recredit Mike's account (at least until the dispute is resolved).
• C)must investigate and immediately recredit Mike's account (at least until the dispute is resolved).
• D)must investigate but need not recredit Mike's account.

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Definitions:

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