OMVIC Practice Test

What statement must be included in the contract if a vehicle is being sold unfit, not road-worthy or mechanically sound?

1. The VEHICLE SOLD "AS-IS" statement

2. The declaration for vehicles sold below standard

3. The confirmation of liability

4. The seller's contact information

The correct answer is: The VEHICLE SOLD "AS-IS" statement

The "VEHICLE SOLD "AS-IS" statement must be included in the contract if a vehicle is being sold unfit, not road-worthy, or mechanically sound. This statement indicates that the buyer is purchasing the vehicle in its current condition, without any warranties or guarantees from the seller. Option B, the declaration for vehicles sold below standard, is incorrect because it does not specifically mention the condition of the vehicle being sold. This statement could apply to any type of standard, not just the condition of the vehicle. Option C, the confirmation of liability, is incorrect because it does not pertain to the condition of the vehicle. This statement refers to the seller's responsibility for any damage or issues that may arise from the sale. Option D, the seller's contact information, is incorrect because it does not address the condition of the vehicle being sold. While it is important to include the seller's contact information in a contract, it is not necessary for indicating the condition of the vehicle.