CALIFORNIA DEALER LICENSE Test Exam Set Questions With Revised Correct Answers

CALIFORNIA DEALER LICENSE Test Exam Set Questions
With Revised Correct Answers

.A conditional Sales Contract contains which of the following?
a. Must be signed by both buyer and seller
b. Terms of financing must be disclosed
C. All of the above - ANSWER-C. All of the above


.A dealer may obtain a branch location outside his established place of business.
How many display places for vehicles does he need to maintain branch location.
a. 4
b. 5
c. 2 - ANSWER-c. 2


.After a hearing, the department May revoke and/or suspend a dealers license if
they have
a. Wrote the department a check with insufficient funds at the bank
b. knowingly permits someone to illegally use their special plates
c. fall asleep or wrong information on the registration of a vehicle
d. All of the above - ANSWER-d. All of the above


.All deals negotiated in Spanish require the dealer to provide a spanish language
contract.
a. True

, B. False - ANSWER-a. True


.An unwind usually results from the dealer's failure to obtain financing for the
customer from a lending institution.
a. True
b. False - ANSWER-A. true


.Every Dealer must notify DMV of the effective day of change of ownership:
a. 10 days prior to effective date
b. Within 5 days prior to effective date
c. Within 15 days
d. Within 20 days - ANSWER-a. 10 days prior to effective date


.Every Dealer must notify DMV of the effective day of the change of location:
a. Immediately
b. Within 5 days
c. Within 10 days
d. Within 20 days - ANSWER-a. Immediately


.How many days does the dealer to report to the DMV the employment or
termination of an employee?
a. 10 days
b. 5 days
c. 15 days
d. 20 days - ANSWER-a. 10 days