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.

Rescission is only granted automatically for failing to disclose what?

1) The make, model, and year of the vehicle
2) The vehicle was previously a taxi or limo
3) The vehicle has been branded
All of the above

The correct answer is: All of the above

Rescission can be granted automatically for any of the given reasons. Option A, failing to disclose the make, model, and year of the vehicle, is incorrect because this information is not typically relevant to the rescission process. Similarly, option B, failing to disclose that the vehicle was previously a taxi or limo, is not a common reason for rescission. Option C, failing to disclose that the vehicle has been branded, may be a valid reason for rescission, but not the only one; there could be other undisclosed branding issues leading to rescission. Therefore, the correct answer is D - all of the above options could potentially result in an automatic rescission.