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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 - CORRECT 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 - CORRECT 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 - CORRECT ANSWER: d. All of the above
All deals negotiated in Spanish require the dealer to provide a spanish language
contract.
a. True
B. False - CORRECT 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 - CORRECT 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 - CORRECT 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 - CORRECT 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 - CORRECT ANSWER: a. 10 days
How many days does used vehicle dealer have to CLEAR APPLICATION to the
department from the date of sale?
a. 20
b. 30