OMVIC Practice Test

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Question: 1 / 400

How must the sale price of the extended warranty be presented in the contract?

As a percentage of the vehicle sale price

In a clear, comprehensible, and prominent manner

The other options are incorrect because they do not accurately present how the extended warranty price should be displayed in the contract. Option A is incorrect because the extended warranty price should not be represented as a percentage of the vehicle sale price, as this could be confusing and misleading for the customer. Option C is incorrect because the extended warranty should not be presented as an optional fee, as it is an additional cost that the customer can choose to add on to their purchase. Option D is incorrect because the extended warranty price should not be deferred until it is utilized, as this would not accurately reflect the true cost of the warranty. It is important that the extended warranty price is clearly and prominently displayed in the contract to ensure transparency and understanding for the customer.

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As an optional fee

Deferred until the warranty is utilized

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