Contracts and Consumer Rights Flashcards
7 cards from real OMVIC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Contracts and Consumer Rights flashcards as text
Under OMVIC regulations, which of the following must appear on a vehicle Bill of Sale?
Answer: The VIN, purchase price, buyer/seller information, and delivery date
A Bill of Sale must include identifying information for both parties, full vehicle details including VIN, purchase price, trade-in allowance if applicable, and the agreed delivery date.
When must a registered dealer provide a copy of the signed purchase contract to the buyer?
Answer: At the time the contract is signed
Under the MVDA 2002, dealers must provide a copy of the signed contract to the buyer at the time of signing, not after the fact.
OMVIC's all-in pricing rule requires that advertised vehicle prices include:
Answer: All dealer charges and fees, but excluding government fees such as HST and licensing
OMVIC's all-in pricing rule requires that advertised prices include all dealer-imposed charges, but government fees such as HST and licensing are excluded.
A dealer advertises a vehicle at $25,000 but adds a $500 'documentation fee' at the point of sale. Under OMVIC rules, this is:
Answer: Prohibited because all dealer fees must be included in the advertised price
OMVIC's all-in pricing rules prohibit dealers from adding undisclosed fees on top of the advertised price; all dealer charges must be reflected in the advertised amount.
A dealer is selling a vehicle previously used as a long-term rental. Under OMVIC disclosure rules, the dealer must:
Answer: Disclose that the vehicle was previously used as a rental vehicle
Previous rental use is a material fact that dealers are required to proactively disclose to consumers under OMVIC's disclosure obligations.
Under the MVDA 2002, a contract for the purchase of a motor vehicle becomes legally binding when:
Answer: Both the buyer and an authorized dealer representative sign the contract
A motor vehicle purchase contract becomes legally binding once it is signed by both the buyer and an authorized representative of the dealership.
If a dealer fails to disclose that a vehicle was previously used as a police or emergency vehicle, this is considered:
Answer: A misrepresentation or failure to disclose a material fact
Prior emergency or police use is a material fact that can affect vehicle value and reliability, and failure to disclose it constitutes misrepresentation under OMVIC rules.