omvic chapter 16 Questions with 100% correct answers 2024/2025

omvic chapter 16 Questions with 100% correct answers 2024/2025Explain "merchantable quality" as it relates to a used vehicle. - correct answer A used vehicle of merchantable quality has no hidden defects and will provide reasonable transportation for a reasonable period of time. True or False: The Sale of Goods Act covers repairs. - correct answer False Purchasers are entitled to "quiet possession" of their vehicles. If a dealer innocently sold a consumer a vehicle that subsequently turned out to be stolen and was seized by the police, what should the dealer do? - correct answer Return the purchaser's money and contact the seller of the vehicle to seek a refund of the money paid by the dealer. The dealer may also contact OMVIC for assistance. Select all that apply: Under the Sale of Goods Act, vehicles sold must: - correct answer Provide reasonable transportation for a reasonable period of time, Be fit for the purpose for which they are intended True or False: The Sale of Goods Act does not apply to vehicles sold "as is." - correct answer False Provide three examples of "conditions" customers may want included in the contract. - correct answer Financing approval, Finding affordable insurance Spouse, partner, parent approval, Equipment to be added Repairs to be conducted What rights do customers have if they give a deposit or trade-in to a dealer, but no written contract was signed? - correct answer The customer may demand the return of the deposit or trade-in vehicle and the dealer shall immediately