Reference no: EM131359816
Assignment: Credit Card Liabilities and Fraud
When a credit card is lost or stolen, it can be used until its owner reports it as missing. This loss of one's credit card can result in fraud and therefore, being aware of the legalities that follow is important. This assignment addresses the legal ramifications.
Consider the following scenario:
Furman Smoogie, a sales and marketing representative for the Rubberman Corporation in Centervale, took his client Warren Sacamano to an expensive lunch at a fancy steakhouse. At the time of paying the bill, Furman noticed that his American Express card was missing from his wallet. He used his Visa card instead. While driving home, Furman realized that he had last used the missing American Express card about a week earlier when he dined at a local sushi bar. He was now concerned that a sales clerk may have used the card to make fraudulent purchases.
Using your assigned readings, Argosy University online library resources, and the Internet, prepare a paper which addresses the following:
• Review and identify Furman's legal rights in this situation.
• Explain the probability that Furman will have to pay American Express for any illegal charges to the account.
• Evaluate the steps which he should take in order to protect himself from further loss as a result of losing his card.
Support your statements with examples and at least three scholarly references, including your textbook.
Write a 2-3-page paper in Word format. Apply APA standards to citation of sources.
|
Write a paper on financial markets and institutions
: Write a 1,050 words Paper on financial markets and institutions. This needs to include the following: Describe the role of the financial institutions and financial markets in our economy.
|
|
Create a new worksheet in the database to compute gross
: Elizabeth Burke has recently joined the PLE management team to oversee production operations. PLE originally produced lawn mowers, but a significant portion of sales volume over recent years has come from the growing small-tractor market. Create a ne..
|
|
Discuss the purpose of government mandates
: Review the EEO-1 report in the Supporting Lesson Links and discuss the purpose of government mandates. Provide at least one example of a penalty an organization may face for violating a government employment mandate.
|
|
Accounts receivable and inventory turnover rates
: The accounts receivable and inventory turnover rates remain the same. However a company negotiates with its major supplier of inventory to allow an extra 15 days in which to pay with no finance charge and with no loss of price discount.
|
|
Review and identify furmans legal rights in given situation
: Review and identify Furman's legal rights in this situation. Explain the probability that Furman will have to pay American Express for any illegal charges to the account.
|
|
Adjusting entries to record depreciation
: What type of assets requires adjusting entries to record depreciation?
|
|
Case analysis from harvard business
: Do you have a case analysis from Harvard Business review on ARISE: A Destination for a Day Spa?
|
|
Differentiate between a bank and a credit union
: Differentiate between a bank and a credit union. Consider your own financial situation. Explain what financial institution is better suited for your financial position and explain why.
|
|
What is its current annual dividend yield
: Common stock with a current market value of $33.42 per share issues a quarterly dividend of $0.40. What is its current annual dividend yield? An investor pays $8,750 for a $10,000 corporate bond with a 4.75% coupon (interest rate). What is the bondho..
|