Question

WEB Inc., had a corporate credit account with American Express. Cards were issued to four individuals, including a real estate broker who had a relationship with one of the company officers. When the relationship ended, the broker went on a spending spree for personal items and charged over $ 27,000 on the credit card. WEB claimed that under the Truth in Lending Act, it was not responsible for the broker’s charges. Is the claim correct?


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  • CreatedSeptember 15, 2015
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