OMVIC CHAPTER 3 Questions with 100% Correct Answers | Verified | Latest Update

1. True or False Dealers may sell vehicles from any location, so long as they have registered a head office with OMVIC ANS False 2. List two requirements for a dealer's premises ANS Have a business office large enough to store records securely. Have a clearly visible sign identifying registered name. Be approved for use as a dealership by municipality. 3. The MVDA specifies the records a dealer must maintain. The records must be kept for at least six years ANS True 4. List four examples of the information (related to vehicles sold or leased) that must be maintained in a dealer's records ANS (VIN) , Safety,Result of any inspection under the Highway Traffic Act (Drive Clean, etc.), Particulars of any repair or reconditioning work done or authorized by the dealer, including the source of any parts, the cost of the work and the name of the repairer 5. Which of the following records related to employees must be kept? ANS Employ- ee names, Proof of payments, Employee salaries 6. Choose the most correct answer. If a dealer's records are destroyed or stolen, the dealer must notify ANS OMVIC, in writing, within five days