OMVIC CHAPTER 5 EXAM QUESTIONS AND
ANSWERS 2024 GRADED A
List three "previous uses of a vehicle" dealers must disclose. - ✔✔Taxi,
Limo, Police vehicle...
List three types of incident damage that must be disclosed. - ✔✔Fire,
Flood, Collision damage more than $3000
True or False: Dealer A buys from a daily rental company a car previously
used in the rental fleet. Dealer A then sells the car (giving full disclosure of
the car's history as a daily rental) to a consumer who buys it for personal
use. A year later, the consumer trades that car in to Dealer B. Dealer B
does a history search and sees the car was once a daily rental. Under
Regulation 42 of the MVDA, when Dealer B sells this car to another
customer they are not required to inform the customer of the car's previous
use as a daily rental. - ✔✔True
True or False: If a vehicle was declared a total loss in a collision, but has
since been repaired and received a structural safety certificate and a Safety
Standards Certificate (SSC) from an authorized repair centre, the dealer
ANSWERS 2024 GRADED A
List three "previous uses of a vehicle" dealers must disclose. - ✔✔Taxi,
Limo, Police vehicle...
List three types of incident damage that must be disclosed. - ✔✔Fire,
Flood, Collision damage more than $3000
True or False: Dealer A buys from a daily rental company a car previously
used in the rental fleet. Dealer A then sells the car (giving full disclosure of
the car's history as a daily rental) to a consumer who buys it for personal
use. A year later, the consumer trades that car in to Dealer B. Dealer B
does a history search and sees the car was once a daily rental. Under
Regulation 42 of the MVDA, when Dealer B sells this car to another
customer they are not required to inform the customer of the car's previous
use as a daily rental. - ✔✔True
True or False: If a vehicle was declared a total loss in a collision, but has
since been repaired and received a structural safety certificate and a Safety
Standards Certificate (SSC) from an authorized repair centre, the dealer
