A thief has been using Mike's credit card for 14 days. The thief has charged $1,000 . Mike discovered that the card was lost when he went to pay for gas and immediately reported that the card was lost. Which of the following figures represents Mike's liability for this incident?

a. $0

b. $1,000 - the full amount of the loss

c. $50

d. $500


c

Business

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