omvic chapter 18 Questions with complete solutions
What is the Canadian Motor Vehicle Arbitration Plan? Correct Answer-
CAMVAP
Briefly explain a "consignment transaction." Correct Answer-A vehicle owner (consignor) gives a vehicle to the
dealer (consignee) to sell on the owner's behalf.
True or False: The total amount the dealer will charge the consignor on the sale of the vehicle (whether as a fixed amount or a commission share) can be negotiated after the sale and does not have to be included in the contract. Correct Answer-False
True or False: All new car manufacturers participate in CAMVAP. Correct Answer-False
List three criteria that must be met for a vehicle to be eligible for CAMVAP. Correct Answer-The vehicle was manufactured by a participant in
CAMVAP
The vehicle is a passenger car, light duty truck,
van, sport utility vehicle or multi-purpose
passenger vehicle that weighs no more than
4,536 kg (10,000 lbs) gross vehicle weight
The vehicle has travelled not more than
What is the Canadian Motor Vehicle Arbitration Plan? Correct Answer-
CAMVAP
Briefly explain a "consignment transaction." Correct Answer-A vehicle owner (consignor) gives a vehicle to the
dealer (consignee) to sell on the owner's behalf.
True or False: The total amount the dealer will charge the consignor on the sale of the vehicle (whether as a fixed amount or a commission share) can be negotiated after the sale and does not have to be included in the contract. Correct Answer-False
True or False: All new car manufacturers participate in CAMVAP. Correct Answer-False
List three criteria that must be met for a vehicle to be eligible for CAMVAP. Correct Answer-The vehicle was manufactured by a participant in
CAMVAP
The vehicle is a passenger car, light duty truck,
van, sport utility vehicle or multi-purpose
passenger vehicle that weighs no more than
4,536 kg (10,000 lbs) gross vehicle weight
The vehicle has travelled not more than
