Exam (elaborations)
OMVIC CHAPTER 6 TEST QUESTIONS AND ANSWERS
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OMVIC CHAPTER 6 TEST QUESTIONS AND ANSWERS...
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OMVIC CHAPTER 6 TEST QUESTIONS ANDANSWERS
True or False: Only customers who qualify as "consumers" are eligible to use
the MVDA remedy of rescission, which is the cancellation of a sales contract. -
ANSWER Valid
Dealers must divulge every piece of information listed below (a–f);
Nevertheless, revocation is only given out of the blue for neglecting to reveal
three of them. Which ones are they? - ANSWER The vehicle's make, model,
and year of manufacture Previously, the car was a limo or cab.The car has a
label on it.
The customer's right to rescission is triggered by three additional disclosure
requirements that must be fulfilled. What do they consist of? - ANSWER The
following results in rescission if it is not
revealed:
• Previously used as an emergency ANSWER/police vehicle
• Daily rental use in the past (unless otherwise
owned by a third party aside from a dealer) • Mileage or distance travelled
True or False: A dealer who is also a customer may exercise their right of
rescission. - Untrue Answer
How long does a customer who is eligible for rescission have to request
cancellation under the MVDA? - ANSWER Within Ninety Days
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