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omvic chapter 16 exam study guide with complete solutions

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omvic chapter 16 exam study guide with complete solutions Explain "merchantable quality" as it relates to a used vehicle. - Answer-A used vehicle of merchantable quality has no hidden defects and will provide reasonable transportation for a reasonable period of time. True or False: The Sale o...

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  • October 6, 2024
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omvic chapter 16 exam study guide with
complete solutions

Explain "merchantable quality" as it relates to a used vehicle. - Answer✔✔-A used vehicle of

merchantable quality has no


hidden defects and will provide reasonable


transportation for a reasonable period of time.


True or False: The Sale of Goods Act covers repairs. - Answer✔✔-False


Purchasers are entitled to "quiet possession" of their vehicles. If a dealer innocently sold a consumer a

vehicle that subsequently turned out to be stolen and was seized by the police, what should the dealer

do? - Answer✔✔-Return the purchaser's money and contact the seller


of the vehicle to seek a refund of the money paid by


the dealer. The dealer may also contact OMVIC for


assistance.


Select all that apply: Under the Sale of Goods Act, vehicles sold must: - Answer✔✔-Provide reasonable

transportation for a reasonable period of time, Be fit for the purpose for which they are intended


True or False: The Sale of Goods Act does not apply to vehicles sold "as is." - Answer✔✔-False


Provide three examples of "conditions" customers may want included in the contract. - Answer✔✔-

Financing approval, Finding affordable insurance

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