100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
OMVIC Chapter One Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution $7.99   Add to cart

Exam (elaborations)

OMVIC Chapter One Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

 3 views  0 purchase
  • Course
  • Institution

OMVIC Chapter One Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

Preview 1 out of 2  pages

  • June 19, 2024
  • 2
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
OMVIC Chapter One
The Motor Vehicle Dealers Act - ANS-the primary legislation governing Ontario's retail
automotive sector

OMVIC enforces the - ANS-Motor Vehicle Dealers Act

OMVIC carries out - ANS-- the inspection of dealers
- maintains a complaint line for customers
- conducts investigations
- administers and enforces the MVDA 2002
- conducts disciplinary hearings
- conducts prosecutions
- administers the compensation fund

How many people compose OMVIC's board of directors? - ANS-12 - 9 Dealers & 3
Consumer Reps

Transaction Fee Program - ANS-dealers are required to pay $5.00 for each vehicle sold
or leased to OMVIC

True or False : The transaction fee can be passed along to the consumer. - ANS-True :
if the dealership chooses to.

What information is OMVIC required to make available to the public? - ANS-- business
name , address and phone number
- salesperson name
-any proposal to refuse suspend or revoke the registration of a dealer salesperson

If OMVIC determines that a dealer's advertising is false or misleading, what do they do
to correct it? - ANS-cease publication and issue retraction or correction

If an order is used to stop or correct false advertising, for how long may the dealer need
to seek OMVIC's pre-approval for future advertising? - ANS-up to 2 years

Possible situations which could result in OMVIC applying to court appoint a receiver and
manager to assume temporary control of a dealership: - ANS-- if there has been an
investigation
- if the dealership is about to fail

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Hkane. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83662 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart