Podcast
Questions and Answers
According to the Motor Vehicle Dealers Act (MVDA), how must dealers provide disclosure?
According to the Motor Vehicle Dealers Act (MVDA), how must dealers provide disclosure?
- Verbally and in writing
- Only verbally
- In any form as long as it is clear
- Only in writing (correct)
What does CCP stand for in the context of the Ontario Motor Vehicle Industry Council's interpretation?
What does CCP stand for in the context of the Ontario Motor Vehicle Industry Council's interpretation?
- Clear, Comprehensible, and Prominent (correct)
- Comprehensive Contract Protocol
- Customer Care Principles
- Contractual Compliance Parameters
What happens if a dealer fails to comply with certain disclosure requirements according to the MVDA?
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 (correct)
- The dealer is fined
- The customer loses the right to cancel the contract
- The dealer's license is suspended
What is the primary basis for the requirements set out in this chapter?
What is the primary basis for the requirements set out in this chapter?
How does OMVIC interpret CCP when it comes to providing disclosures?
How does OMVIC interpret CCP when it comes to providing disclosures?
What is a key consideration when making disclosures according to the text?
What is a key consideration when making disclosures according to the text?
Which condition is NOT required to be disclosed in a vehicle contract as per the text?
Which condition is NOT required to be disclosed in a vehicle contract as per the text?
What is the minimum threshold for disclosing collision or incident damage to a vehicle according to the text?
What is the minimum threshold for disclosing collision or incident damage to a vehicle according to the text?
Which classification of a vehicle must be disclosed according to the Highway Traffic Act?
Which classification of a vehicle must be disclosed according to the Highway Traffic Act?
Why is it important to make all required disclosure statements stand out from the page?
Why is it important to make all required disclosure statements stand out from the page?
