When a customer improperly obtains cash or property from a company, or avoids liability through deception, it is termed:
A)Check fraud
B)Customer fraud
C)Credit card fraud
D)Refund fraud

Question

Quizplus · Accepted Answer

Customer fraud refers to any deceptive or illegal actions taken by a customer to obtain cash or property from a company or avoid liability. This can include actions like lying on an application or claim, using fake or stolen identities, or violating the terms of a contract. It is important for companies to have strong fraud prevention measures in place to avoid losses from customer fraud.

When a Customer Improperly Obtains Cash or Property from a Company