OMVIC Practice Test

Which of the following items must be included in a contract for the sale of a new vehicle?

1. Buyer's favorite color

2. Dealer's coffee preference

3. Buyer's name and address

4. Salesperson's birth date

The correct answer is: Buyer's name and address

Including the buyer's name and address in a contract for the sale of a new vehicle is essential for several reasons. Firstly, it establishes the identity of the buyer and legally binds them to the terms agreed upon in the contract. The inclusion of personal information such as the buyer's name and address ensures that there is clarity regarding who is entering into the agreement, which is critical for enforcement of obligations under the contract. Moreover, having the buyer's address is often required for registration and title purposes, as it allows the dealer to accurately fulfill legal requirements associated with the sale. This ensures that there is a clear record for both parties, which can be important in the event of disputes or legal issues down the line. In contrast, the other items mentioned do not hold any relevance to the core requirements of a sales contract. Buyer preferences or personal details unrelated to the transaction itself, such as favorite colors, or non-essential details like a salesperson's birthday, do not contribute to the validity or enforceability of the contract. Therefore, they do not need to be included.