Fact Pattern 27-3A

question 66

Multiple Choice

Fact Pattern 27-3A
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 27-3A. When Mike receives his National statement, he demands that the bank investigate the matter and recredit his ac?count. 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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