omvic chapter13 question n answers graded A+ 2024

omvic chapter13 question n answers graded A+ 2024Not all customers are consumers, but all consumers are customers." Explain the difference between a consumer and a customer. - correct answer A customer may be an individual acting for personal, family or household purposes, an individual acting for business purposes (such as a sole proprietor) or a corporation. A "consumer" also buys, leases or receives services from a dealer. However, a consumer is someone acting for personal, family or household purposes, but is NOT an individual acting for business purposes or a corporation. True or False: The CPA protects "consumers" only - correct answer True True or False: Protections under the CPA would apply to a carpenter buying a van for his or her small carpentry business. - correct answer False True or False: The CPA covers sales but not leases, and not services such as repairs. - correct answer False True or False: The consumer can waive their rights under the CPA, but this must be in writing. - correct answer False Penalties for breaching the CPA can be severe. What is the maximum penalty for an individual convicted of an offence under the CPA? - correct answer Individuals convicted of an offence under the CPA can receive a maximum of two years less a day in jail and/or a fine of up to $50,000. True or False: In matters related to the CPA, courts will only consider evidence that is written into the contract. - correct answer False