The owner of a lost credit card is:
A) liable for all purchases made by its finder if the card was lost through negligence
B) not liable for any purchases if the card was lost despite the exercise of reasonable care by the cardholder.
C) liable for all purchases if the card originally had been sent to the cardholder without any prior request and never was used by such holder.
D) not liable for more than $50 for the unauthorized use of the card.
D
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At Comfort Homes, a manufacturer of furniture and home accessories, the global operating units report directly to the chief executive instead of a head of an international division
The company recruits management from many countries and buys components and supplies where they cost the least. Comfort Homes is most accurately classified as a(n) ________. A) direct exporter B) geographical organization C) international subsidiary D) global organization E) world product group
Which of the following is NOT one of the four stages in an audit-related dispute?
A. Auditors legal liability leads to financial settlement B. Events arise that create losses for the users of the financial statements C. Legal process resolves the dispute D. Losses are linked to material misstatements of financial statements
One of the characteristics of a fair value measurement is that the measurement does embody a minimum probability for recognition
Indicate whether the statement is true or false
The advantage of maintaining enough manufacturing capacity to meet demand in any period is
A) very low inventory costs because inventory needs to be carried from period to period. B) very low inventory costs because no inventory needs to be carried from period to period. C) very high inventory costs because no inventory needs to be carried from period to period. D) very high inventory costs because expensive capacity would go unused during most months when demand was lower.