Britney loses her Campus Bank access card. She realizes her loss the next day but waits a week to call the bank. Meanwhile,Drake finds and uses Britney's card to withdraw $3,000 from Britney'saccount.
-Refer to Fact Pattern 24-1.Britney is responsible for

Question

Quizplus · Accepted Answer

Although Britney is not responsible for Drake's fraudulent withdrawal, she is responsible for up to $500 if she did not notify the bank of her lost card within two business days. By waiting a week to report the loss, Britney failed to meet this requirement and is therefore responsible for the first $500 of fraudulent charges made on her account.

Britney Loses Her Campus Bank Access Card