« previous next »

Author Question: Richard received his credit card bill and noticed an error. He wrote to the company the next week, ... (Read 180 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
on: Jun 24, 2018
Richard received his credit card bill and noticed an error. He wrote to the company the next week, pointing out the error in his bill. Under the law, what is the credit card's obligation once it receives Richard's letter?

Question 2

The Commission of the European Communities has the power to draft both regulations and directives and has popular support by European citizens.
  Indicate whether the statement is true or false


Animal_Goddess

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 24, 2018
Answer to Question 1

Under the Fair Credit Billing Act, the company must acknowledge receipt of the letter within 30 days. Within two billing cycles (but not longer than 90 days) it must investigate the complaint and respond.

Answer to Question 2

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

An investment versus a bill An investment versus a bill
Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Vice President Richard M. Nixon and Soviet leader Nikita Khrushchev engage in a “kitchen debate” ... Vice President Richard M. Nixon and Soviet leader Nikita Khrushchev engage in a “kitchen debate” ...
Richard Prince, Untitled (Cowboy). Richard Prince, Untitled (Cowboy).
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
Here’s how you can demonstrate sampling error Here’s how you can demonstrate sampling error
Video: Glucose anabolism reactions: Glycogenolysis and Gluconeogenesis

For a complete list of videos, visit our video library