OMVIC Practice Test

True or False: The MVDA remedy of rescission (cancellation of a sales contract) is available only to a customer who is a "consumer."

1. False

2. True

The correct answer is: False

This is because the MVDA remedy of rescission can be available to a customer who is not a "consumer" in certain circumstances. For example, a customer who has been fraudulently induced into the contract can also seek rescission as a remedy, even if they do not fall under the legal definition of a "consumer." Additionally, some states may have laws that provide for rescission as a remedy for non-consumers in specific situations. Therefore, the statement that the remedy of rescission is available only to a "consumer" is false.