omvic chapter 16 exam study guide with complete solutions
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Course
2024/2025
Institution
2024/2025
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...
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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