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.

The MVDA remedy of rescission (cancellation of a sales contract) is available only to a customer who is a "consumer"?

False
True
Option A
Option B

The correct answer is: False

The answer is false. This remedy is actually available to both the customer and the merchant. However, it is more commonly exercised by the customer due to the nature of the transaction. The MVDA primarily focuses on protecting consumers in sales contracts for defective goods and services. Therefore, the customer is more likely to seek rescission in these cases rather than the merchant. This does not mean that the merchant cannot exercise this remedy, but it is less common. Therefore, option A is incorrect and option B is the correct answer.