John used his debit card to purchase gas. John's debit card fell out of his pocket and a scammer immediately picked it up. As soon as the scammer got his information, he started purchasing clothing from an online store totaling over $6000.00 in just a few hours, emptying John's checking account. The next day, John attempted to use his debit card and it was denied. He inquired into it and found out about the scam and immediately notified his bank. Which statement below is correct?
A) John will not be liable for any amount that he did not specifically authorize.
B) John will be liable for the purchases made until he notifies his bank.
C) John's liability will be capped at $50.00.
D) John will be liable for half the amount unauthorized.
Correct Answer:
Verified
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