OMVIC Practice Test

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Prepare for the OMVIC Practice Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your OMVIC exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which statement is true under the MVDA regarding the availability of rescission?

Available to any customer, including another dealer
Available only for new vehicles
Available only to consumers
Not available for leased vehicles

The correct answer is: Available only to consumers

The Motor Vehicle Dealer's Act (MVDA) states that the right of rescission, which is the right to cancel a contract, is only available to consumers. This means that dealers and other businesses are not eligible to use this option. Option A is incorrect because it mentions "another dealer", which is not a consumer. Option B is incorrect because it limits the availability to only new vehicles, while the MVDA does not make this distinction. Option D is incorrect because it mentions "leased vehicles", which are also considered vehicles for consumers and therefore eligible for rescission according to the MVDA.