AFIP FINAL EXAM PREP| Answered 100% correctly|

AFIP FINAL EXAM PREP| Answered 100% correctly| What are the three elements of a contract 1. Offer 2. Acceptance 3. Consideration Spanish rules for buyers guide 1)There is a statement at the back of the buyers guide that explains the customer to ask for a spanish guide if needed 2) if the sales transaction is in spanish, the buyers guide must be as well 3) if you are going after the hispanic market, you must have both english/spanish buyers guides if a vehicle on the lot qualifies for a service contract you must indicated on the contract that it is eligible for the service contract There are two websites on the buyers guide 1) how to get the history on the vehicle 2) How to find out if any open recalls have been issued Vehicle conditions on the buyers guide You must have an updated condition report on the buyers guide on the back of the buyers guide: complaints after sale contact lists: 1) the dealership rep name 2) Phone number 3) Job Title Third party warranty company disclosures: 1) check "no dealer warranty" Box 2) Check "Other used vehicle warranty" Box The maximum penalty for violating the used car rule is: $43,792 IRS 8300 Form: What is Cash?