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.

Is it possible for a vehicle to have more than one lien against it?

No
Yes
Not always
Depends on the type of lien

The correct answer is: Yes

It is possible for a vehicle to have more than one lien against it. This could happen if the owner of the vehicle took out multiple loans using the vehicle as collateral. It could also occur if the vehicle was involved in a legal dispute and multiple parties placed liens on the vehicle as part of the resolution. Option A is incorrect because it is not always the case that a vehicle can only have one lien. Option C is not precise enough and does not fully answer the question. Option D is not entirely accurate as there are other factors that can determine whether a vehicle can have multiple liens, not just the type of lien.