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!

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What must a contract for the sale of a used vehicle include regarding the vehicle's previous use as a taxi or limo?

  1. Only the duration of its use as a taxi or limo

  2. Only if it was used as a taxi or limo within the last year

  3. A statement if it has ever been used as a taxi or limo

  4. No disclosure is required if the vehicle looks clean

The correct answer is: A statement if it has ever been used as a taxi or limo

A contract for the sale of a used vehicle must include a statement about any previous use as a taxi or limo, regardless of how long ago it was used. Options A and B are incorrect because they only specify a certain time frame for the use as a taxi or limo, while option D is incorrect because the appearance of the vehicle does not determine the requirement for disclosure. The correct answer is C because it ensures that the buyer is fully informed about the vehicle's history and past usage.