omvic chapter 7 study guide with complete solutions
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Course
2024/2025
Institution
2024/2025
omvic chapter 7 study guide with
complete solutions
Check any statement that is correct (there may be more than one correct statement): When selling to
another dealer: - Answer-Selling dealers must disclose previous use as a taxi, police vehicle,
etc,Selling dealers must disclose damage repairs...
omvic chapter 7 study guide with
complete solutions
Check any statement that is correct (there may be more than one correct statement): When selling to
another dealer: - Answer✔✔-Selling dealers must disclose previous use as a taxi, police vehicle,
etc,Selling dealers must disclose damage repairs in excess of $3,000 ,Selling dealers must disclose if the
vehicle has two or more adjacent , panels (that are not bumper panels) that have been replaced
Are the requirements for the sale or lease of a vehicle to another dealer in
the MVDA the General Regulations or the Code of Ethics Regulations? - Answer✔✔-Code of ethics
regulations
Provide two potential facts related to a vehicles history (not including the examples given in question 1)
that must be disclosed in dealer-to-dealer sales and leases. - Answer✔✔-704 any of 1-21
True or False: In dealer-to-dealer transactions, the following disclosure is not required as it is for retail
transactions only - any fact about the vehicle
that affects the structural or mechanical quality or performance of the vehicle that, if disclosed, could
reasonably be expected to influence the decision of a reasonable buyer or lessee to buy or lease the
vehicle. - Answer✔✔-False
When selling to another dealer, what must the selling dealer do if he/she cannot determine the distance
the vehicle has been driven? - Answer✔✔-If the vehicle is a used motor vehicle and the dealer cannot
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