OMVIC Practice Test

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Dive into the OMVIC Practice Test and test your knowledge on laws, regulations, and ethical practices in the automotive industry. Perfect for aspiring dealers and salespersons to validate their expertise!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

A dealer who facilitates the sale of an extended warranty is responsible if:

The warranty terms change
The warranty company goes out of business
The customer changes their mind
The vehicle is sold to another party

The correct answer is: The warranty company goes out of business

A dealer who facilitates the sale of an extended warranty is responsible if the warranty company goes out of business. This is because the dealer is the one who made the sale and received payment from the customer. As the intermediary between the customer and the warranty company, it is the dealer's responsibility to ensure that the warranty company will honor their agreements. The other options are not the dealer's responsibility because they are either out of the dealer's control (warranty terms changing, warranty company going out of business) or due to the customer's own decision (changing their mind, selling the vehicle to another party).