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8. (TCO C) On September 8 Maggie lost her wallet. The following four credit cards were in it, and the following charges were made before she was able to report the cards missing. How much is she legally responsible for?

Visa card $195,
MasterCard $25,
American Express $500,
Discover $300

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Solution Summary

On September 8 Maggie lost her wallet. The following four credit cards were in it, and the following charges were made before she was able to report the cards missing. How much is she legally responsible for?

Visa card $195,
MasterCard $25,
American Express $500,
Discover $300

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As per the law, as long as she notified the credit card companies within a reasonable time frame that she had lost her wallet, she will not be responsible for any amounts that were fraudulently ...

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