OMVIC License Practice Test & Course – Prepare for the OMVIC Exam in Ontario

Question: 1 / 400

Check any statement that is correct: A contract for sale or lease of a vehicle between dealers:

Is subject to the provisions of the Consumer Protection Act

Must disclose a statement as to whether CAMVAP is available

Must disclose exactly the same information required in the sale of a vehicle to a purchaser who is a consumer

Must disclose specific information to comply with the Code of Ethics Regulations

A Incorrect - A contract for sale or lease of a vehicle between dealers is not subject to the provisions of the Consumer Protection Act. That act applies to transactions between a dealer and a consumer.

B: Incorrect - While CAMVAP may be available in this type of contract, it is not required to be disclosed.

C: Incorrect - While some information may be similar, a contract between dealers does not have to disclose the same information as a sale to a consumer. Different regulations may apply.

D: Correct - A contract for sale or lease of a vehicle between dealers must disclose specific information to comply with the Code of Ethics Regulations. This includes providing a statement of disclosures about the vehicle's history, warranty information, and any potential defects or issues.

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