Exam (elaborations)
OMVIC CHAPTER 1,5,8 ,10,13,TEST QUESTIONS WITH VERIFIED ANSWERS
- Course
- Institution
OMVIC CHAPTER 1,5,8 ,10,13,TEST QUESTIONS WITH VERIFIED ANSWERS...
[Show more]
Content preview
OMVIC CHAPTER 1,5,8 ,10,13,TESTQUESTIONS WITH VERIFIED ANSWERS
The main piece of legislation controlling Ontario's retail automobile industry is the
Motor Vehicle Dealers Act.
The ANSWER Motor Vehicle Dealers Act is enforced by OMVIC.
OMVIC is responsible for conducting dealer inspections.
- keeps a client complaint line open
- carries out inquiries
- oversees and implements the MVDA 2002
Holds hearings for disciplinary actions
- carries out prosecutions
- manages the fund for remuneration
What is the size of OMVIC's board of directors? - ANSWER 12: 9 Dealers & 3
Customer Representatives
Dealers must pay $5.00 to OMVIC as part of the Transaction Fee Program for each
vehicle sold or leased.
Is it true or false that the customer can be charged for the transaction fee? -
ANSWER It is true: if the dealership so desires.
, Which information is publically available through OMVIC? - ANSWER: name,
address, and phone number of the business
- Name of salesperson
-any suggestion to reject, suspend, or cancel a dealer salesperson's registration
What steps does OMVIC take to rectify incorrect or misleading advertising if it
finds that a dealer is engaging in it? - ANSWER suspends distribution and issues a
correction or retraction
How long may the dealer need to obtain OMVIC's preapproval before using an
order to stop or remedy deceptive advertising? - ANSWER within two years
OMVIC may file an application with the court to name a receiver and manager to
take temporary management of a dealership in the following circumstances: -
ANSWER - if an inquiry has been conducted
If the dealership is on the verge of failing
If OMVIC intends to cancel a registration
- if there's going to be a "freeze order"
OMVIC CHAPTER 8
If a price for a car is listed in a dealer's advertisement, it must include: - ANSWER
Administration fees, Taxes (unless the advertisement makes it clear,
understandable, and conspicuous that taxes are not included) "Other" obligatory
payments, like paperwork fees, freight, and PDI
fees for window etching, SSC fees, etc.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Boostertips. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80364 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now