OMVIC Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

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.

What agencies or organizations should be mentioned in the contract regarding buyer/lessee rights?

OMVIC
Local Police Department
Fire Department
All of the above

The correct answer is: OMVIC

A potential explanation could be In a contract regarding buyer/lessee rights, it is important to mention any agencies or organizations that have authority over the transaction or may play a role in enforcing the terms of the contract. While options B and C may have some involvement in the process, they are not typically involved in enforcing the terms of a contract and therefore would not be necessary to mention. Option A, OMVIC (Ontario Motor Vehicle Industry Council), is responsible for regulating and enforcing consumer protection laws for motor vehicle sales, making them the most relevant agency in this scenario. Therefore, option D, which includes all three options, is incorrect as only option A is necessary to mention in the contract.