Answer using a couple paragraphs as elaborate/wordy as possible please.

Fact Scenario: While working as an executive assistant to David Ducote, Michelle Freytag fraudulently obtained a credit card in Ducotes name from Whitney National Bank in New Orleans, Louisiana. Freytag told Whitney to pay the credit card balances with funds from Ducotes bank account. The bank included a debit memo for each payment with the monthly account statements sent to Ducote. But Ducote never contacted the bank about any unauthorized items. Freytags scheme was not discovered until, more than five years later, the bank contacted Ducote to ask about some of the charges to the credit card. [Ducote v. Whitney National Bank, 212 So.3d 729 (La.App. 5 Cir. 2017)] (See The Banks Duty to Honor Checks.)

1. Is the bank ethically obligated to recredit Ducotes account? Explain using the IDDR approach.

Explain your response using the IDDR approach. The IDDR approach has four steps Inquiry, Discussion, Decision, and Review. The purpose of the first step, Inquiry, is to identify the issue, the stakeholders, and applicable ethical theories. The second step, Discussion, involves analyzing possible actions to address the issue. Factors include the strengths and weaknesses of those actions, considering their consequences and their effects on stakeholders. The third step is to make a Decision and state the reasons. The final step, Review, determines the success or failure of the action to resolve the issue, and satisfy the stakeholders.