Omvic chapter 14 - Study guides, Class notes & Summaries

OMVIC Chapter 1-18 Questions and Answers |100% Pass What is the primary legislation governing Ontario's retail automotive sector? - Answer-Moter Vehicle Dealers Act, 2002 Which body or agency enforces MVDA? - Answer-OMVIC List Three Functions carried out by OMVIC - Answer-1) Administers and enforces the MVDA 2) Inspects dealers 3)Maintains a complaint line for consumers 4) Conducts investigations 5) Conducts disciplinary hearings 6) Conducts prosecutions 7) Administers the Compensa...

OMVIC Chapter 4 Exam Questions With Verified Answers On a purchase contract, what must be printed in 14 pt. bold font next to the buyer's signature? - answerSales final List four items that must be in a contract for the sale of a new vehicle. - answer-Salesperson's name and registration number -Date of sale and date of delivery, -Vehicle identification number (VIN), if known, Make, model, model year and trim level of vehicle If a dealer does not have a specific new vehicle in stock, b...

OMVIC Chapter 4 With 100% Correct Answers 2023

OMVIC CHAPTER 4 NEWEST EXAM WELL ANALYSED QUESTIONS AND MODIFIED ANSWERS ALREADY GRADED A+ True or False: A dealer selling a vehicle "as is" may also provide a Safety Standards Certificate for the vehicle. - ANSWER- FALSE What is an "as is" sale? - ANSWER- The vehicle is not represented as being in road worthy condition, mechanically sound or maintained at any guaranteed level of quality. May not be possible to register it in the current condition. MUST be clearly stated on contra...

OMVIC CHAPTER 4 EXAM QUESTIONS AND ANSWERS GRADED A On a purchase contract, what must be printed in 14 pt. bold font next to the buyer's signature? - Sales final List four items that must be in a contract for the sale of a new vehicle. - -Salesperson's name and registration number -Date of sale and date of delivery, -Vehicle identification number (VIN), if known, Make, model, model year and trim level of vehicle If a dealer does not have a specific new vehicle in stock, but w...