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.

True or false: Consumers may also have up to one year to cancel a contract under the Consumer Protection Act.

True
False

The correct answer is: True

The Consumer Protection Act does state that in some cases, a consumer may have up to one year to cancel a contract. However, this is not always the case and it is important for consumers to carefully review the terms and conditions of a contract before signing. Option B is incorrect because it implies that consumers never have up to one year to cancel a contract, which is not true. Option A is the correct answer because there are situations where consumers may have up to one year to cancel a contract.