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                    [ArticleID] => 350366
                    [Title] => Credit card holders are not liable for purchases after reporting loss
                    [Summary] => 

A holder of a lost or stolen credit card should not be compelled to pay any purchase using the same card, after he or she reported to the credit card company that such card has been lost or stolen.


This was the ruling of the Supreme Court when it overturned a Court of Appeals decision and upheld a lower court decision freeing from any liability Manuel Acol from purchases drawn from his card after he reported its loss.


                    [DatePublished] => 2006-07-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Cebu News
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MANUEL ACOL

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                    [ArticleID] => 350366
                    [Title] => Credit card holders are not liable for purchases after reporting loss
                    [Summary] => 

A holder of a lost or stolen credit card should not be compelled to pay any purchase using the same card, after he or she reported to the credit card company that such card has been lost or stolen.


This was the ruling of the Supreme Court when it overturned a Court of Appeals decision and upheld a lower court decision freeing from any liability Manuel Acol from purchases drawn from his card after he reported its loss.


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                    [ColumnID] => 133272
                    [Focus] => 0
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Credit card holders are not liable for purchases after reporting loss

July 31, 2006 - 12:00am

A holder of a lost or stolen credit card should not be compelled to pay any purchase using the same card, after he or she reported to the credit card company that such card has been lost or stolen. This was...

Cebu News