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

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True or False: If the dealer "inflated" the selling amount of a vehicle and the dollar amount of a trade-in, and the contract ends up being rescinded, the dealer would have to return the inflated trade-in dollar amount.

False

True

If the dealer "inflated" the selling amount of the vehicle, they would have to return that amount, but the trade-in is a separate transaction with its own set of terms. If the contract is rescinded, it would invalidate the terms of the trade-in and the dealer would not be obligated to return any inflated trade-in amounts. Therefore, the statement as a whole is true.

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