QUESTIONS WITH 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 - VERIFIED ANSWER-C. All of the above
The maximum fee allowed for documentation preparation is:
a. $10
b. $25
c. $30
d. $65 - VERIFIED ANSWER-d. $65
The maximum fee allowed for smog is:
a. $15
b. $20
c. $30
d. $50 - VERIFIED ANSWER-d. $50
How many days does used vehicle dealer have to COMPLETE APPLICATION
complete application to the department from the date of sale?
a. 50
b. 30
, c. 60
d. 20 - VERIFIED ANSWER-b. 30
How many days does used vehicle dealer have to CLEAR APPLICATION to
the department from the date of sale?
a. 20
b. 30
c. 50
d. 60 - VERIFIED ANSWER-c. 50
All deals negotiated in Spanish require the dealer to provide a spanish language
contract.
a. True
B. False - VERIFIED ANSWER-a. True
In advertising, a dealer must identify his herself by:
a. Slogan name or Business License Name
b. License number
c. Address - VERIFIED ANSWER-a. Slogan name or Business License Name
When a vehicle is sold prior to the expiration of the ad, the dealer has 48 hours
to request (IN WRITING) withdrawal of the vehicle ad or overprint the word
"SOLD" over particular vehicle.
a. True
b. False - VERIFIED ANSWER-a. True
When Advertising, which of the following does the Dealer not have to
disclose?