FREE OMVIC Legal Requirements Questions and Answers

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Identify one "change of information" that the dealer is required to report to OMVIC.

Correct! Wrong!

What needs to be specified in the contract for a "as is" sale?

Correct! Wrong!

Whom does a dealer have to tell if their records are lost, stolen, or destroyed?

Correct! Wrong!

Which of these needs to be revealed?

Correct! Wrong!

True or False: As long as the dealer sells the buyer an extended warranty, they are exempt from having to notify the buyer that the vehicle's manufacturer warranty has been canceled.

Correct! Wrong!

What needs to be printed in 14 points on a purchase contract? bold typeface adjacent to the buyer's autograph?

Correct! Wrong!

Name Three Functions Fulfilled by OMVIC

Correct! Wrong!

True or False: If a customer requests to see a salesperson's registration certificate, they must provide it for inspection.

Correct! Wrong!

Which of these needs to be revealed?

Correct! Wrong!

If something is not disclosed, can revocation just be automatically granted?

Correct! Wrong!

True or False: Dealers that have registered a head office with OMVIC may sell cars from any location.

Correct! Wrong!

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