State of Colorado sales license Test (Pearls) Exam Questions With Expert Verified Solutions

State of Colorado sales license Test (Pearls) Exam Questions With Expert Verified Solutions On Sunday(s), dealers are prohibited from selling all of the following except? - ANSWER ( C) Powersport Vehicles The licenses of a new or used dealer, wholesale auction dealer, or whole sales may be denied, suspended, revoked or fined for the following: - ANSWER (D) All of the above Colorado's Lemon Law covers: - ANSWER (C) defects that substantially impair market vale of a vehicle Local law enforcement agencies must be notified with thin four hours after repossession of a motor vehicle occurs - ANSWER (B) False it's 1 hour The Buyer guide, or "as is" sticker must be? - ANSWER (B) Provided by another language than English if the transact is being conducted in another language than English The only items that can be added to an advertised price are - ANSWER (A) dealers handling and preparation charges Dealers must either be self-insured or have insurance for their vehicles - ANSWER (A) true Is it acceptable for a licensed dealer to place an advertisement using only the name "ABC Enterprise"?. - ANSWER (B) False is has to say ABC enterprise dealership A dealer has how many days to deliver or facilitate delivery of title from the date of sale? - ANSWER (D) 30 days According to Colorado law , motor vehicle leasing company do NOT need a motor vehicle dealers license - ANSWER (B) False Three of the following are required to be disclosed in an advertisement when a dealer is advertising a close-end credit sale or a motor vehicle or power sport vehicle with a down payment amount, payment amount, number of payment, period of repayment or amount of financing charge. Which one is NOT required? - ANSWER (C) amount of percentage of the down payment Three of the following are deceptive trade of practices. Which one of the following is Not? - ANSWER (D) delivering goods as promised