STATE OF COLORADO SALES
LICENSE
TEST(PEARLS )QUESTIONS &
ANSWERS!!
On Sunday(s), dealers are prohibited from selling all of the following except? -
ANSWER( C) Powersport Vehicles
A dealer has how many days to deliver or facilitate delivery of title from the date
of sale? - ANSWER(D) 30 days
According to Colorado law , motor vehicle leasing company do NOT need a motor
vehicle dealers license - ANSWER(B) False
Three of the following are required to be disclosed in an advertisement when a
dealer is advertising a close-end credit sale or a motor vehicle or power sport vehicle
with a down payment amount, payment amount, number of payment, period of
repayment or amount of financing charge. Which one is NOT required? -
ANSWER(C) amount of percentage of the down payment
Three of the following are deceptive trade of practices. Which one of the following is
Not? - ANSWER(D) delivering goods as promised
The licenses of a new or used dealer, wholesale auction dealer, or whole sales may
be denied, suspended, revoked or fined for the following: - ANSWER(D) All of the
above
Colorado's Lemon Law covers: - ANSWER(C) defects that substantially impair
market vale of a vehicle
Local law enforcement agencies must be notified with thin four hours after
repossession of a motor vehicle occurs - ANSWER(B) False it's 1 hour
The Buyer guide, or "as is" sticker must be? - ANSWER(B) Provided by another
language than English if the transact is being conducted in another language than
English
The only items that can be added to an advertised price are - ANSWER(A) dealers
handling and preparation charges
Dealers must either be self-insured or have insurance for their vehicles -
ANSWER(A) true
LICENSE
TEST(PEARLS )QUESTIONS &
ANSWERS!!
On Sunday(s), dealers are prohibited from selling all of the following except? -
ANSWER( C) Powersport Vehicles
A dealer has how many days to deliver or facilitate delivery of title from the date
of sale? - ANSWER(D) 30 days
According to Colorado law , motor vehicle leasing company do NOT need a motor
vehicle dealers license - ANSWER(B) False
Three of the following are required to be disclosed in an advertisement when a
dealer is advertising a close-end credit sale or a motor vehicle or power sport vehicle
with a down payment amount, payment amount, number of payment, period of
repayment or amount of financing charge. Which one is NOT required? -
ANSWER(C) amount of percentage of the down payment
Three of the following are deceptive trade of practices. Which one of the following is
Not? - ANSWER(D) delivering goods as promised
The licenses of a new or used dealer, wholesale auction dealer, or whole sales may
be denied, suspended, revoked or fined for the following: - ANSWER(D) All of the
above
Colorado's Lemon Law covers: - ANSWER(C) defects that substantially impair
market vale of a vehicle
Local law enforcement agencies must be notified with thin four hours after
repossession of a motor vehicle occurs - ANSWER(B) False it's 1 hour
The Buyer guide, or "as is" sticker must be? - ANSWER(B) Provided by another
language than English if the transact is being conducted in another language than
English
The only items that can be added to an advertised price are - ANSWER(A) dealers
handling and preparation charges
Dealers must either be self-insured or have insurance for their vehicles -
ANSWER(A) true
