OMVIC TEST BANK FINAL EXAM 2026-2027 IT
COVERS ALL CHAPTERS WITH REAL QUESTIONS
AND CORRECT DETAILED ANSWERS (CORRECT
VERIFIED ANSWERS) LATEST UPDATED
VERSION |ALREADY A GRADED {FULL REVISED
EXAM EDITION}
What is the primary legislation governing Ontario's retail automotive
sector?
ANSWERS: MVDA
Which body or agency enforces MVDA?
ANSWERS: OMVIC
Recession is automatically granted for failing to disclose?
ANSWERS: The make, model and model year of the vehicle; the
vehicle was previously a taxi or limo; the vehicle has been
branded
,There are other disclosure requirements that, if not met, trigger a
customer's rights. What are they?
ANSWERS: Previous use as police emergency services vehicle;
previous use as a daily rental; mileage/distance travelled
T or F: the remedy of remission is available to a customer who is
also a dealer
ANSWERS: False
Under the MVDA, a customer entitled to recession has how long to
request cancellation?
ANSWERS: 90 days
T or F: the consumer may also have up to one year to request
rescission under the Consumer Protection Act
ANSWERS: True
, What is the margin of error allowed to a dealer who provides the
distance driven (odometer reading) or who cannot determine
the total distance driven, but can determine the distance driven
as of some past date?
ANSWERS: Within the lesser of 5% or 1 000 km of the correct
distance is required to be disclosed
T or F: customers cannot rescind a contact if the dealer was unaware of a vehicle's
true history, or honestly believed the disclosure given to be
accurate
ANSWERS: False
When selling to another dealer:
ANSWERS: Selling dealers must disclose previous use as a taxi,
police vehicle, etc.. ; selling dealers must disclose damage repairs
in excess of $3 000; selling
dealers must disclose if the vehicle has 2 or more adjacent panels
(that are not bumper panels) that have been replaced
A contract for sale or lease of a vehicle between dealers:
ANSWERS: Must disclose specific information to comply with the
Code of Ethics Regulations
COVERS ALL CHAPTERS WITH REAL QUESTIONS
AND CORRECT DETAILED ANSWERS (CORRECT
VERIFIED ANSWERS) LATEST UPDATED
VERSION |ALREADY A GRADED {FULL REVISED
EXAM EDITION}
What is the primary legislation governing Ontario's retail automotive
sector?
ANSWERS: MVDA
Which body or agency enforces MVDA?
ANSWERS: OMVIC
Recession is automatically granted for failing to disclose?
ANSWERS: The make, model and model year of the vehicle; the
vehicle was previously a taxi or limo; the vehicle has been
branded
,There are other disclosure requirements that, if not met, trigger a
customer's rights. What are they?
ANSWERS: Previous use as police emergency services vehicle;
previous use as a daily rental; mileage/distance travelled
T or F: the remedy of remission is available to a customer who is
also a dealer
ANSWERS: False
Under the MVDA, a customer entitled to recession has how long to
request cancellation?
ANSWERS: 90 days
T or F: the consumer may also have up to one year to request
rescission under the Consumer Protection Act
ANSWERS: True
, What is the margin of error allowed to a dealer who provides the
distance driven (odometer reading) or who cannot determine
the total distance driven, but can determine the distance driven
as of some past date?
ANSWERS: Within the lesser of 5% or 1 000 km of the correct
distance is required to be disclosed
T or F: customers cannot rescind a contact if the dealer was unaware of a vehicle's
true history, or honestly believed the disclosure given to be
accurate
ANSWERS: False
When selling to another dealer:
ANSWERS: Selling dealers must disclose previous use as a taxi,
police vehicle, etc.. ; selling dealers must disclose damage repairs
in excess of $3 000; selling
dealers must disclose if the vehicle has 2 or more adjacent panels
(that are not bumper panels) that have been replaced
A contract for sale or lease of a vehicle between dealers:
ANSWERS: Must disclose specific information to comply with the
Code of Ethics Regulations
