The free credit card


Task:

The Free Credit Card

As Jackson looked through his mail, he opened an envelope which contained a credit card. Jackson had not applied for this card, but he was in a hurry, so he placed the credit card, along with the rest of the mail, on the kitchen counter. He would deal with it later. That evening, Jackson's 15 year-old nephew, Ezekiel, came to visit. Ezekiel saw the credit card lying on the counter and when Jackson was not looking, Ezekiel slipped the card into his pocket. Ezekiel went to the mall that evening and used Jackson's credit card to purchase over $1,000 in gifts for his girlfriend. Jackson was furious when he received the bill and discovered Ezekiel's fraud. The issuer of the credit card claimed that Jackson was liable for the total amount of the purchases made by Ezekiel. Jackson claimed that he was not liable for any amount. Who is correct?

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Accounting Basics: The free credit card
Reference No:- TGS01894909

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