Under the MVDA, which statement best describes the disclosure rules for a vehicle sale from one registered dealer to another registered dealer (a wholesale transaction)?
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A
No disclosure is required in dealer-to-dealer transactions because both parties are professionals
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B
The same full retail disclosure requirements that apply to consumer sales apply equally to wholesale transactions
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C
Specific wholesale disclosure requirements apply that are distinct from the retail disclosure requirements for consumer sales
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D
Only federal trade laws apply to dealer-to-dealer transactions; the MVDA does not regulate them