10 Questions
According to the Motor Vehicle Dealers Act (MVDA), how must dealers provide disclosure?
Only in writing
What does CCP stand for in the context of the Ontario Motor Vehicle Industry Council's interpretation?
Clear, Comprehensible, and Prominent
What happens if a dealer fails to comply with certain disclosure requirements according to the MVDA?
The customer can cancel the contract and return the vehicle
What is the primary basis for the requirements set out in this chapter?
Motor Vehicle Dealers Act (MVDA)
How does OMVIC interpret CCP when it comes to providing disclosures?
"CCP" is interpreted based on the Canadian Oxford Dictionary and by applying common sense
What is a key consideration when making disclosures according to the text?
Ensuring the disclosures are easily understood by consumers
Which condition is NOT required to be disclosed in a vehicle contract as per the text?
If the vehicle has been leased (rented) on a daily basis and subsequently owned by someone other than a dealer
What is the minimum threshold for disclosing collision or incident damage to a vehicle according to the text?
$3,000
Which classification of a vehicle must be disclosed according to the Highway Traffic Act?
Salvage or rebuilt
Why is it important to make all required disclosure statements stand out from the page?
To ensure consumers pay attention to critical information about the vehicle
Test your knowledge of the Motor Vehicle Dealers Act (MVDA) disclosure requirements related to a vehicle's previous use, history, and condition. Understand what information dealers are obligated to disclose to customers under the MVDA.
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