OMVIC Practice Test

Session length

1 / 20

What is a consignment agreement according to the manual?

An agreement to sell a vehicle at auction

An agreement between a dealer and a vehicle owner to sell a vehicle

A This option does not accurately describe a consignment agreement, which involves the sale of a vehicle between a dealer and owner, not at auction.

C: Regular maintenance is not typically included in a consignment agreement, as it focuses on the sale of a vehicle.

D: This option is incorrect as it involves purchasing vehicles from a manufacturer, whereas a consignment agreement involves selling a vehicle from a private party to a dealer.

Get further explanation with Examzify DeepDiveBeta

A contract for regular vehicle maintenance

An agreement to purchase vehicles from a manufacturer

Next Question
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy