Alice lost her EFTS card at the park and forgot to report it until her monthly statement came 26 days later.She found that $600 had been withdrawn from her bank account.Assuming she notifies the bank at this point,the most for which Alice will be legally liable is

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According to the Electronic Funds Transfer Act, if Alice reports the loss of her EFTS card within 2 business days, she will not be liable for any unauthorized use. However, since she reported it after 26 days, her liability is limited to $500. So, the most for which Alice will be legally liable is $500 (choice D).

Alice Lost Her EFTS Card at the Park and Forgot