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4.13 Test Yourself The first questions below are the same questions asked in "What Do You Know?" at the beginning of this Chapter. Try answering these questions again and compare your results with your earlier answers. Then, answer the additional questions. 1. On a purchase contract, what must be printed in 14 pt. bold font next to the buyer's signature? 2. List four items that must be in a contract for the sale of a new vehicle. 3. If a dealer does not have a specific new vehicle in stock, but will locate the vehicle and bring it in, what must be disclosed to the purchaser regarding the mileage? 4. List four items (different from those provided in your answer to question 2) that must be included in contracts for the sale of a used vehicle. 5. If a Safety Standards Certificate is issued for a vehicle, it means a) The vehicle is safe and guaranteed free of mechanical defects b) The vehicle met certain basic standards of safety on the date of inspection c) The vehicle is safe and has a 36-day warranty 6. What does the term "as is" mean? 7. Choose the most correct answer. An "as is" sale... a) Is not legal to a "consumer" b) Does not require the buyer to initial the words "as is" c) Must have the buyer write an explanation of "as is" d) Must include a specific definition of "as is" in the contract 8. True or False: A dealer selling a vehicle "as is" may also provide a Safety Standards Certificate for the vehicle. 9. Other than the information that identifies the consignor, dealer and vehicle, list three details that must be included in consignment contracts. 10. Contracts must have advisory or educational statements designed to inform purchasers/lessees about their rights and responsibilities and to ensure they know about the existence of certain agencies or organizations. What are these organizations/agencies? 11. If customers give dealers a deposit but don't sign a contract, what rights do they have

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