5. jerry lost her credit card and instead of reporting it right away, she decides to continue looking for it for a couple of days. on the second day, she makes the call and reports the card lost/stolen to the credit card company. she then logs into the account activity page of her credit card and sees a recent $500 purchase that was made by someone else. how much of this $500 charge will jerry have to pay?

Explanation:

Jerry will have to pay the whole amount. This is because she has not reported the theft of her card and the credit card company is not liable to pay anything or bear any loss until a report is logged. If she had filed the theft complaint and had blocked the credit card, then the credit card company was liable for the loss. But now in this scenario, she herself took longer to file a theft complaint and the thief made a purchase of $500 from her card, she is solely responsible for this charge.

almost done 23 out of 25

reducing the scale of the market for a new product.