OMVIC CHAPTER 4 EXAM QUESTIONS AND
ANSWERS GRADED A
On a purchase contract, what must be printed in 14 pt. bold font next to
the buyer's signature? - ✔✔Sales final
List four items that must be in a contract for the sale of a new vehicle. -
✔✔-Salesperson's name and registration number
-Date of sale and date of delivery,
-Vehicle identification number (VIN), if known, Make, model, model year
and trim level of vehicle
If a dealer does not have a specific new vehicle in stock, but will locate the
vehicle and bring it in, what must be disclosed to the purchaser regarding
the mileage? - ✔✔If the contract does not specifically identify a new
vehicle (e.g., a vehicle which must be located, VIN unknown), the
maximum distance that will be shown on the odometer at the time of
delivery or a statement initialled by the buyer that there is no maximum
ANSWERS GRADED A
On a purchase contract, what must be printed in 14 pt. bold font next to
the buyer's signature? - ✔✔Sales final
List four items that must be in a contract for the sale of a new vehicle. -
✔✔-Salesperson's name and registration number
-Date of sale and date of delivery,
-Vehicle identification number (VIN), if known, Make, model, model year
and trim level of vehicle
If a dealer does not have a specific new vehicle in stock, but will locate the
vehicle and bring it in, what must be disclosed to the purchaser regarding
the mileage? - ✔✔If the contract does not specifically identify a new
vehicle (e.g., a vehicle which must be located, VIN unknown), the
maximum distance that will be shown on the odometer at the time of
delivery or a statement initialled by the buyer that there is no maximum
