OMVIC Practice Test

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Question: 1 / 400

In the event of re-selling a vehicle with an extended warranty, what must be disclosed?

The original purchase price of the warranty

Whether the warranty is transferable and for what fee

When reselling a vehicle with an extended warranty, it is important to disclose whether or not the warranty is transferable and if there is a fee associated with the transfer. This is important information for the buyer to know, as they will need to understand if they will be able to benefit from the existing warranty or if they will need to purchase a new one.

Option A, the original purchase price of the warranty, is not required to be disclosed as it is not relevant to the buyer's decision to purchase the vehicle.

Option C, the original purchaser's information, is also not required to be disclosed as it is not relevant to the buyer of the vehicle.

Option D, the salesperson's registration number, is also not required to be disclosed as it is not relevant to the transfer of the warranty.

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The original purchaser's information

The salesperson's registration number

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