Multiple Choice
Which of the following is a factor of the Electronic Funds Transfer Act that differs from the Fair Credit Billing Act?
A) Consumer's liability when the card is stolen
B) Bank's liability if it makes unauthorized transfers
C) The consumer's liability for unauthorized electronic funds transfers
D) The financial institution's liability to the consumer for failure to make or stop payments
Correct Answer:

Verified
Correct Answer:
Verified
Q15: Normally, a drawee bank is not obligated
Q16: A bank that knows of a customer's
Q17: Any person authorized to draw a check
Q18: A written stop-payment order is:<br>A) valid for
Q19: Even when a bank receives a properly
Q21: The customer may give an oral stop-payment
Q22: If a drawer is negligent and contributes
Q23: The time requirements for notice of postdated
Q24: Revised Article 3 of the Uniform Commercial
Q25: What are the different electronic funds transfer