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.

Which of the following disclosure failures grants a customer automatic right to rescind the purchase contract?

If the vehicle's color was not properly disclosed
If the dealer did not disclose the vehicle's use as a daily rental
If the dealer did not mention the vehicle comes with an extra set of tires
Any minor mechanical issues that were not disclosed

The correct answer is: If the dealer did not disclose the vehicle's use as a daily rental

If a dealer fails to disclose that a vehicle was previously used as a daily rental, the customer has an automatic right to rescind the purchase contract. This is because the use of a vehicle as a daily rental can significantly impact its value and overall condition, and it is important for customers to be aware of this information in order to make an informed decision. Option A, C, and D do not automatically grant a customer the right to rescind the purchase contract as they may be considered minor issues or preferences that do not have a significant impact on the value of the vehicle.