Seventeen of these tells you what to study.

Question 1 of 17 · OMVIC and the MVDA

Which Act and regulations set the registration and code of ethics requirements for Ontario motor vehicle dealers?

• A The Consumer Protection Act and its Regulation 17/05
• B The Highway Traffic Act, with one motor vehicle dealer regulation
• C The MVDA, together with O. Reg. 333/08 and O. Reg. 332/08
• D The MVDA alone, with no implementing regulations

Question 2 of 17 · Registration and dealer classes

Under the MVDA, who must hold a personal registration in order to trade in motor vehicles for a dealership?

• A Both the dealer and each individual salesperson acting on the dealer's behalf
• B Neither, as long as the trades occur at a registered place of business
• C Only the salesperson; if a salesperson is registered, the dealer does not need to be
• D Only the dealer; the dealer's registration covers any staff member who sells

Question 3 of 17 · Code of Ethics and professional conduct

Under the integrity duty in the Code of Ethics, what must every registrant be in carrying on business?

• A Financially responsible
• B Creditworthy with a chartered Canadian bank
• C Insured against loss
• D Financially profitable each fiscal year

Question 4 of 17 · Premises, records, and trust accounts

Under section 15(6) of the MVDA, an OMVIC inspector may not use force to enter and inspect a registrant's premises.

• A True
• B False

Question 5 of 17 · Sale, lease, and consignment contracts

A non-dealer customer leaves a $2,000 deposit while still shopping, and before any contract is signed they ask for the deposit back. What must the dealer do?

• A Hold the deposit for 30 days while a contract is finalized
• B Immediately return the deposit to the customer
• C Return only half of the deposit and keep the rest as compensation for time spent
• D Keep the deposit as a restocking fee

Question 6 of 17 · Material facts and retail disclosures

How must a registered motor vehicle dealer make a required disclosure to a retail customer?

• A Verbally, before the customer signs the contract
• B In writing, at the time prescribed by regulation
• C Through the salesperson's social-media channel, before the appointment
• D Either in writing or verbally, at the dealer's discretion

Question 7 of 17 · Wholesale (dealer-to-dealer) disclosure

Under section 30(1) of the MVDA, who must a motor vehicle dealer disclose prescribed information to in writing?

• A Only the Ministry of Transportation
• B Customers and other motor vehicle dealers
• C Only retail customers who are not registered as dealers
• D Only OMVIC, on demand

Question 8 of 17 · Rescission and contract cancellation

Where in Ontario law is the customer's right to cancel a vehicle contract for non-disclosure actually set out?

• A MVDA section 30(2) sets out the cancellation procedure in full, and O. Reg. 333/08 covers only what must be disclosed.
• B The Code of Ethics under O. Reg. 332/08 creates the cancellation right, and section 50 of O. Reg. 333/08 restates the procedure.
• C The Consumer Protection Act creates the cancellation right, and the MVDA simply cross-references it.
• D MVDA section 30(2) gives the customer prescribed remedies, and section 50 of O. Reg. 333/08 sets them out.

Question 9 of 17 · Advertising rules and all-in pricing

What must an advertisement that attempts to induce a trade in a motor vehicle include in a clear, comprehensible, and prominent manner?

• A A registered name and contact information of the motor vehicle dealer
• B The business address of the dealership, which stands in for the dealer's registered name in an advertisement
• C The name of the salesperson handling the listing
• D The dealer's OMVIC registration number, which identifies the dealership without naming it in the ad

Question 10 of 17 · Extended warranties and service plans

Under section 47(1)(a) of O. Reg. 333/08, an extended warranty is properly insured only when the insurer is licensed under which statute?

• A The federal Insurance Companies Act
• B Ontario's Motor Vehicle Dealers Act
• C The Corporations Act
• D Ontario's Insurance Act

Question 11 of 17 · Inspections, investigations, and discipline

When the registrar receives a complaint about a registrant, from whom may the registrar request information in relation to the complaint?

• A Only registrants located in the same OMVIC region as the subject
• B Only the complainant who filed the complaint
• C Only the registrant who is the subject of the complaint
• D Any registrant, on matters in relation to the complaint

Question 12 of 17 · Curbsiders

Under section 4(1) of the MVDA, when does a person become a curbsider?

• A After OMVIC has issued a written cease-and-desist order and the person has kept trading in spite of it
• B After a Provincial Offences Act charge has been laid and a first court date is set
• C The moment the person acts as a motor vehicle dealer without being registered under the MVDA
• D When the person sells more than five vehicles in a calendar year, which is the point the Act sets

Question 13 of 17 · Motor Vehicle Dealers Compensation Fund

What kind of customer loss does the Motor Vehicle Dealers Compensation Fund pay out for?

• A Loss arising solely from manufacturer defects covered by the original factory warranty
• B Any loss involving any seller of a vehicle, including private sellers and curbsiders
• C A pecuniary loss arising from a trade in a motor vehicle with a registered dealer who cannot or will not make the customer whole
• D Loss of enjoyment, inconvenience, and emotional distress arising from a vehicle purchase

Question 14 of 17 · Consumer Protection Act for dealers

Under the Consumer Protection Act, 2002, who qualifies as a "consumer"?

• A A sole proprietor buying a delivery van for the business
• B An individual buying a vehicle for personal, family or household use
• C Anyone, including businesses, who pays a supplier for goods
• D A corporation buying a fleet vehicle for the chief executive officer's personal commute

Question 15 of 17 · Sale of Goods Act and implied warranties · Select all that apply

Which of the following are protections of title that the Sale of Goods Act implies into every contract of sale? Select all that apply.

• A An implied condition that the goods are reasonably fit for the buyer's particular purpose.
• B An implied warranty that the buyer will have and enjoy quiet possession.
• C An implied warranty that the goods are free from any undisclosed charge or encumbrance.
• D An implied condition that the seller has the right to sell the goods.
• E An implied warranty that the goods will be of merchantable quality.
• F An implied warranty that the goods will conform exactly to a sample provided by the buyer.

You got 0 of 3.

Question 16 of 17 · Vehicle documents, UVIP, and permits

Under section 7 of the Highway Traffic Act, what must be in place before a motor vehicle is driven on a highway?

• A A valid Safety Standards Certificate carried in the vehicle and produced on demand, with the permit kept on file at the owner's address
• B A currently validated permit and evidence of validation affixed to a plate, with number plates required for commercial motor vehicles but not for passenger cars
• C Number plates issued by OMVIC together with a permit issued in the name of the driver rather than the owner of the vehicle
• D A currently validated permit, the prescribed number plates displayed, and any required evidence of validation affixed to a plate

Question 17 of 17 · Liens on trade-ins and repaired vehicles

What is a lien against a vehicle?

• A A statement of the vehicle's appraised wholesale value, prepared so the trade-in allowance can be set
• B A tax the Crown charges on the transfer of registration, collected when the buyer puts the vehicle into their own name
• C A record of every previous owner of the vehicle, released to a buyer who orders a Used Vehicle Information Package
• D An interest in the vehicle that secures payment or performance of an obligation, which the creditor may enforce on default