PROBLEM 24.1
a. For what amount, if any, is Bridget liable on
her credit card?
b. Suppose Bridget goes to make an ATM with-
drawal from her bank account on Thursday
and finds that all of the money in her
account-$755-is gone. What if she imme-
diately notifies the bank about the problem?
Would she have been better off if she had
notified the bank on Monday when she dis-
covered that her debit card was gone?
Explain your answers.
c. Do you think a consumer's liability should be
different for lost credit cards than for lost
debit cards? Why or why not?
d. Why might a bank agree to provide better
protection to its customers than what is
required by law?