Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question One (5 marks) Mike kept a record of his PIN in an electronic organiser. The PIN was not disguised but was secured by a

image text in transcribed
image text in transcribed
Question One (5 marks) Mike kept a record of his PIN in an electronic organiser. The PIN was not disguised but was secured by a password. The organiser and his wallet he had in a brief case while he was on the train. While he was engrossed in reading the paper a thief stole the brief case and exited the train. The next stop was half an hour away. Mike got out of the train and contacted the police and The Bank straight away. In the meantime, however, the thief had managed to bypass the password and open the Electronic organiser. He obtained Mike's PIN, and used the card to withdraw large sums of money from an ATM. (a) According to the ePayments Code Mike will have to bear the entire loss due to his careless protection of his PIN. (b) According to the ePayments Code The Bank will have to bear the entire loss due to his efforts to protect his PIN. (0) None of the above answers are correct

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Medical Law And Ethics

Authors: Jonathan Herring

9th Edition

0192856561, 978-0192856562

More Books

Students also viewed these Law questions

Question

Behaviour: What am I doing?

Answered: 1 week ago