Assignment 3: Credit Card Liabilities and Fraud

Assignment 3: Credit Card Liabilities and Fraud

When a credit card is lost or stolen, it can be used until its owner reports it as missing. This loss of one’s credit card can result in fraud and therefore, being aware of the legalities that follow is important. This assignment addresses the legal ramifications.

Consider the following scenario:

Using your assigned readings, Argosy University online library resources, and the Internet, prepare a paper which addresses the following:

  • Review and identify Furman’s legal rights in this situation.
  • Explain the probability that Furman will have to pay American Express for any illegal charges to the account.
  • Evaluate the steps which he should take in order to protect himself from further loss as a result of losing his card.

Support your statements with examples and at least three scholarly references, including your textbook.

Write a 2–3-page paper in Word format. Apply APA standards to citation of sources.

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