OMVIC OMVIC Contracts and Consumer Rights 3

Question 1

Under OMVIC regulations, what is the maximum number of days a consumer has to cancel a contract if the dealer failed to provide the required written statement of buyer's rights?

Accepted Answer

90 days

Answer

If a dealer fails to provide the required buyer's rights statement, the consumer has 90 days to cancel the contract.

Question 2

A dealer adds a $300 'dealer prep fee' to the final contract that was not disclosed in the original price advertisement. Under OMVIC rules, this practice is:

Accepted Answer

A violation of the all-in price advertising requirement

Answer

OMVIC requires all-in price advertising, meaning all fees must be included in the advertised price, not added later.

Question 3

When a consumer purchases a used vehicle 'as-is' from a registered dealer, which of the following statements is TRUE?

Accepted Answer

The dealer must still disclose known material defects

Answer

Even in as-is sales, dealers must disclose known material defects; the as-is clause does not eliminate this statutory duty.

Question 4

Under the Motor Vehicle Dealers Act, a purchase contract must include the vehicle's odometer reading. What is the purpose of this requirement?

Accepted Answer

To establish a record for potential odometer fraud claims

Answer

Recording the odometer reading at sale creates a documented baseline to identify and prosecute odometer fraud.

Question 5

A consumer signs a purchase agreement but the dealer later demands an additional $1,500 because 'costs increased.' Under OMVIC rules, the consumer's correct response is:

Accepted Answer

Refuse and hold the dealer to the original contract price

Answer

A signed purchase agreement is binding on the dealer; unilateral price increases after signing violate OMVIC regulations.

OMVIC (Ontario Motor Vehicle Industry Council) Practice Test

OMVIC (Ontario Motor Vehicle Industry Council) Practice Test

OMVIC OMVIC Contracts and Consumer Rights 3