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!

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When selling a vehicle on consignment, what information must the contract include about the vehicle's condition?

  1. Only current mechanical issues

  2. A detailed report from a mechanic

  3. Any previously known uses like taxi or limo, and information on mileage and branding

  4. Only cosmetic damages

The correct answer is: Any previously known uses like taxi or limo, and information on mileage and branding

A and D are incorrect because they do not provide a comprehensive overview of the vehicle's condition. Option A only covers current mechanical issues, leaving out any previous issues that the vehicle may have had. Option D only covers cosmetic damages, disregarding any potential mechanical or functional issues. Option B is also incorrect because it only mentions a report from a mechanic, without specifying what information should be included in that report. This option also does not cover any previous or current issues with the vehicle. Option C is correct because it covers all of the necessary information about the vehicle's condition. It includes any previous issues, such as previous use as a taxi or limo, as well as information on mileage and branding. This provides a comprehensive overview of the vehicle's condition rather than just focusing on one aspect. Additionally, it ensures that the buyer is fully informed about the vehicle before making a purchase.