AFIP Test Questions with Latest Questions with Correct Answers

AFIP Test Questions with Latest Questions with Correct Answers


Question 1:
Payment Packing
Answer:
1.Can't give leg UDAP claim
Against the law in CA Against AFIP code of ethics


Question 2:
PowerBooking
Answer:
1. violation of the dealer agreement have to buy back the deal
problem if the car is repossessed UDAP claim
Funding sources have software to identify equipment Lose AFIP certification


Question 3:
3 Elements of a Contract
Answer:
1. Offer Acceptance Consideration


Question 4:
Spanish Language Transactions (Buyers Guide)
Answer:
1. In the English version of the BG there is a setence in Spanish that tells a customer he can get
a Spanish BG if he wants one.


Question 5:
if the transaction is in the Spanish, the BG has to be in Spanish.
if your pursuing the Spanish market, you should have both English and Spanish buyers guides
on the cars.
Buyers Guide
Answer:
The BG cannot be the sole source of warranty informationThe BG cannot be the sole source of
warranty information
The BG cannot be the sole source of warranty information
The BG cannot be the sole source of warranty information

, Question 6:
Implied Warranty State
Answer:
*In an implied warranty state, state law will override the provisions of a service contract


Question 7:
2 Provisions on the BG
Answer:
a website to get the history on the vehicle
a website about safety recalls


Question 8:
Car is on the lot marked AS-IS, but the sales person throws in a 3/3 warranty
Answer:
You have to redo the BG


Question 9:
Complaints after the Sale on BG
Answer:
Name of individual
Phone number of that individual
Title of individual


Question 10:
3rd Party Warranty Co.
Answer:
Dealer would record, "no dealer warranty."
Check the box for "other used vehicle warranty."


Question 11:
The max penalty for violating the Used Car Rule
Answer:
$43972