PFIN 5th Edition by Randall Billingsley,Lawrence Gitman,Michael Joehnk

Exercise 10

Credit card liability. Jade Yi was reviewing her credit card statement and noticed several charges that didn't look familiar to her. Jade is unsure whether she should "make some noise," or simply pay the bill in full and forget about the unfamiliar charges. If some of these charges aren't hers, is she still liable for the full amount? Is she liable for any part of these charges-even if they're fraudulent?