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Anton [14]
3 years ago
8

Anthony’s debit card was stolen and someone purchased over $1,000 worth of items on it. Which law or regulation protects Anthony

from having to pay for all of it?
Business
1 answer:
yKpoI14uk [10]3 years ago
7 0
The law that protects Anthony form having to pay the unauthorized purchases is the Fair Credit Billing Act or FCBA. According to the act, the card owner will not be liable for the purchases made from his stolen credit card. There are certain terms as to how much will be covered which will depend on how long before the loss of the card is reported.
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To calculate the dollar value of ending inventory you need to use the next formula:

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End inventory= 10000+20000-15000

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