QuestionAugust 13, 2025

Question 4 of 8 Does Reg Z limit an employee's liability for business credit card use? Select the correct answer,and then select Submit. Yes, unless the employee uses it for transactions not authorized by the employer. No, the employee is liable for any unauthorized transactions made on the card. Maybe, but only if the employee doesn't spend over 50 per transaction.

Question 4 of 8 Does Reg Z limit an employee's liability for business credit card use? Select the correct answer,and then select Submit. Yes, unless the employee uses it for transactions not authorized by the employer. No, the employee is liable for any unauthorized transactions made on the card. Maybe, but only if the employee doesn't spend over 50 per transaction.
Question 4 of 8
Does Reg Z limit an employee's liability for business credit
card use?
Select the correct answer,and then select Submit.
Yes, unless the employee uses it for transactions not authorized by the
employer.
No, the employee is liable for any unauthorized transactions made on the
card.
Maybe, but only if the employee doesn't spend over 50 per transaction.

Solution
4.1(232 votes)

Answer

No, the employee is liable for any unauthorized transactions made on the card. Explanation 1. Identify Regulation Z's Scope Regulation Z primarily governs consumer credit, not business credit. 2. Determine Employee Liability Business credit cards are not covered under Regulation Z for limiting liability.

Explanation

1. Identify Regulation Z's Scope<br /> Regulation Z primarily governs consumer credit, not business credit.<br /><br />2. Determine Employee Liability<br /> Business credit cards are not covered under Regulation Z for limiting liability.
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