Sam received his monthly credit card statement. He was shocked to find a debit transaction of $2,799 for a smartwatch that he hadn't purchased. He noticed that the fraudulent transaction had been made just a couple of days ago. He was aware that the card had been missing for several months, but he had forgotten to inform the credit card company about the lost card. What's the maximum amount Sam will have to pay for this fraudulent transaction? The [___] states that Sam is responsible for paying because he didn't report the lost card to his credit card company.
a) Liability clause
b) Forgery policy
c) Fraudulent activity agreement
d) Unauthorized transaction clause
