Steele, while a patient in a hospital, let a friend use her credit card to buy one tank of gasoline for a trip to Cleveland. The friend not only used the card to buy many other things but also let friends use the card. Steele notified the credit card company of the problem. She claimed that her liability for the unauthorized charges was limited to $ 50 for purchases between the time she loaned the card and the time she notified the card company. Is her claim correct?
Answer to relevant QuestionsWhat ethical considerations might arise for a sales representative who is working with the purchasing department of a large corporation interested in buying several computers? How should she or he handle these ...Jackson bought a car from South Holland Dodge (SHD). She also agreed to buy a service contract and extended warranty. The car was purchased using a retail sales installment contract that included, in addition to the purchase ...Daniels bought a car from Lindsay Cadillac Co. Because his credit rating was poor, he had his brother act as surety for the loan to purchase the car. His brother signed the purchase contract on the line marked “buyer” ...On January 17, the Arleys purchased insurance on some property they owned in Nevada. At the request of their broker, the insurance company backdated the policy five days, making it effective January 12. The insurance company ...Paul Revere Insurance Company solicited members of a county bar association to buy disability income insurance. The policy waived all age and health requirements and was open to all members. Blumberg, a new member, sent in ...
Post your question