Stan James carelessly left his wallet in the restroom of a gas station while on a...

 

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Stan James carelessly left his wallet in the restroom of a gas station while on a business trip. He did not realize his wallet was gone until eight hours later when he went to check into his hotel. Stan called the credit card companies immediately, only to learn that the thief had charged $2000 on his American Express card, $450 on his MasterCard, and $75 on his gas credit card. Assuming the credit card companies took all steps required by law, Stan James' maximum liability on the cards is Stan James carelessly left his wallet in the restroom of a gas station while on a business trip. He did not realize his wallet was gone until eight hours later when he went to check into his hotel. Stan called the credit card companies immediately, only to learn that the thief had charged $2000 on his American Express card, $450 on his MasterCard, and $75 on his gas credit card. Assuming the credit card companies took all steps required by law, Stan James' maximum liability on the cards is

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In the United States federal law establishes consumer protections for unauthorized credit card trans... View the full answer