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.

Within what maximum period must a buyer act to rescind a purchase contract under the MVDA if required disclosures were not made?

30 days
60 days
90 days
1 year

The correct answer is: 90 days

The correct answer is 90 days. This is the maximum period for a buyer to rescind a purchase contract under the Motor Vehicle Dealer Act (MVDA) if required disclosures were not made. Options A, B, and D are incorrect because they exceed the maximum period of 90 days. It is important for buyers to act within this time frame in order to protect their rights and have the contract rescinded. Failing to do so could result in being held liable for the purchase contract.