Vicki Has a Checking Account with Little Bank

Vicki has a checking account with Little Bank.She also has a debit card issued by Little Bank.Unfortunately,Vicki's purse and debit card are stolen when she leaves her purse in the car.Vicki realizes the theft has occurred,but is not too concerned because she took Business Law at the local community college,and seems to recall that her liability is limited to $50.As a result,she does nothing until she gets her bank statement 25 days later and sees that there was an unauthorized use of the card for $400.She calls the bank 10 days after she gets her bank statement and tells them about the purse- snatching.They refuse to credit her with the $400.Assume the Electronic Fund Transfer Act governs.Which of the following is true?

A) Vicki will have to pay the $400, because she should have notified the bank of the theft within ten days of the purse snatching.
B) Vicki will have to pay the $400, because she should have notified the bank within two days of the purse snatching.
C) Vicki would have to pay the $400, regardless of when she notified the bank of the purse snatching.
D) Vicki does not have to pay the $400, because liability on a debit card is always limited to $50.
E) Vicki does not have to pay anything, because when a theft is involved, the customer owes nothing.