OMVIC CHAPTER 18 EXAM WITH CORRECT
ANSWERS
What is the Canadian Motor Vehicle Arbitration Plan? - ✔✔CAMVAP
Briefly explain a "consignment transaction." - ✔✔A vehicle owner
(consignor) gives a vehicle to the
dealer (consignee) to sell on the owner's behalf.
True or False: The total amount the dealer will charge the consignor on the
sale of the vehicle (whether as a fixed amount or a commission share) can
be negotiated after the sale and does not have to be included in the
contract. - ✔✔False
True or False: All new car manufacturers participate in CAMVAP. -
✔✔False
List three criteria that must be met for a vehicle to be eligible for CAMVAP.
- ✔✔The vehicle was manufactured by a participant in
CAMVAP
The vehicle is a passenger car, light duty truck,
van, sport utility vehicle or multi-purpose
ANSWERS
What is the Canadian Motor Vehicle Arbitration Plan? - ✔✔CAMVAP
Briefly explain a "consignment transaction." - ✔✔A vehicle owner
(consignor) gives a vehicle to the
dealer (consignee) to sell on the owner's behalf.
True or False: The total amount the dealer will charge the consignor on the
sale of the vehicle (whether as a fixed amount or a commission share) can
be negotiated after the sale and does not have to be included in the
contract. - ✔✔False
True or False: All new car manufacturers participate in CAMVAP. -
✔✔False
List three criteria that must be met for a vehicle to be eligible for CAMVAP.
- ✔✔The vehicle was manufactured by a participant in
CAMVAP
The vehicle is a passenger car, light duty truck,
van, sport utility vehicle or multi-purpose
