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.

If a used vehicle was previously used as a daily rental, what must the contract disclose?

The exact number of times it was rented
A statement of its use as a daily rental unless owned by someone other than a dealer afterward
No disclosure required
The names of all renters

The correct answer is: A statement of its use as a daily rental unless owned by someone other than a dealer afterward

A The exact number of times it was rented is not required to be disclosed on the contract. B: This is the correct answer. By law, the contract must disclose that the used vehicle was previously used as a daily rental, unless it was owned by someone other than a dealer afterward. C: This is incorrect as a disclosure about the previous use as a rental is required. D: The names of all renters are not required to be disclosed.