• Wrong document? Swap it for free
  • Written by students who passed
  • Immediately available after payment
  • Read online or as PDF
Sell
Where do you study
Your language
Document preview thumbnail
Preview 3 out of 16 pages
Exam (elaborations)

Omvic Comprehensive Assessment 2026 Solved Questions And Solutions Graded A+

Document preview thumbnail
Preview 3 out of 16 pages

OMVIC COMPREHENSIVE ASSESSMENT 2026 SOLVED QUESTIONS AND SOLUTIONS GRADED A+

Content preview

OMVIC COMPREHENSIVE ASSESSMENT
2026 SOLVED QUESTIONS AND
SOLUTIONS GRADED A+

◉ An "as is" sale?
Answer: Must include a specific definition of "as is" in the contract


◉ T or F: a dealer selling a vehicle "as is" may also provide a Safety
Standards Certificate for the vehicle
Answer: False


◉ Contracts must have advisory or educational statements designed
to inform purchasers/lessees about their rights and responsibilities
and to ensure they know about the existence of certain agencies or
organizations. Name them.
Answer: OMVIC, Motor Vehicle Dealer Compensation Fund, CAMVAP


◉ If a customer gives a deposit but don't sign a contract, what rights
do they have?
Answer: If there is no signed contract and a deposit or trade in is
given to the dealer, the purchaser can cancel the contract at any time
and demand his or her deposit or trade in back.

,◉ List the "previous uses of a vehicle" a dealer must disclose
Answer: taxi, limo, police vehicle, emergency services, daily rental
(unless subsequently owned by someone other than a dealer)


◉ List the types of incident damage that must be disclosed
Answer: collision (greater than $3000 in damage), fire, floor, and
structural damage or alterations


◉ In regards to replacement, what must be disclosed?
Answer: The replacement of 2 or more adjacent body panels
(excluding bumper covers)


◉ Dealers must disclose known damage repairs in excess of?
Answer: $3 000


◉ T or F: A dealer does not have to inform a purchaser that a
vehicle's manufacturer's warranty has been cancelled, so long as the
dealer offers or sells the purchaser an extended warranty
Answer: False


◉ List some conditions that must be disclosed about a vehicle
Answer: A vehicle was previously registered in another province,
state or country; a vehicle's anti-lock braking system is not

, functioning; a vehicle's airbags are missing; a vehicle's air
conditioning system requires repair


◉ Discloser must be provided in a timely manner, in writing, and be
presented in a way that is:
Answer: clear, comprehensible, and prominent


◉ T or F: the MVDA remedy of recession (cancellation of a sales
contract) is available only to a customer who is a consumer
Answer: True


◉ Recession is automatically granted for failing to disclose?
Answer: The make, model and model year of the vehicle; the vehicle
was previously a taxi or limo; the vehicle has been branded


◉ There are other disclosure requirements that, if not met, trigger a
customer's rights. What are they?
Answer: Previous use as police emergency services vehicle; previous
use as a daily rental; mileage/distance travelled


◉ T or F: the remedy of remission is available to a customer who is
also a dealer
Answer: False

Document information

Uploaded on
September 18, 2026
Number of pages
16
Written in
2026/2027
Type
Exam (elaborations)
Contains
Questions & answers
$16.99

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
FocusFile7
4.0
(28)
Sold
282
Followers
4
Items
74471
Last sold
1 day ago



Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can immediately select a different document that better matches what you need.

Pay how you prefer, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card or EFT and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions