90.2K

Verified Solution

Link Copied!

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. List three previous uses of a vehicle" dealers must disclose. 2. List three types of incident damage that must be disclosed. 3. True or False: Dealer A buys from a daily rental company a car previously used in the rental fleet. Dealer A then sells the car (giving full disclosure of the car's history as a daily rental) to a consumer who buys it for personal use. A year later, the consumer trades that car in to Dealer B. Dealer B does a history search and sees the car was once a daily rental. Under Regulation 42 of the MVDA, when Dealer B sells this car to another customer they are not required to inform the customer of the car's previous use as a daily rental. 4. True or False: If a vehicle was declared a total loss in a collision, but has since been repaired and received a structural safety certificate and a Safety Standards Certificate (SSC) from an authorized repair centre, the dealer does not need to notify a purchaser of the previous damage. 5. Which of the following must be disclosed? a) The replacement of any single body panel (excluding bumper covers) b) The replacement of two or more adjacent body panels (excluding bumper covers) c) The repainting of two or more adjacent body panels (excluding bumper covers) 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. List three previous uses of a vehicle" dealers must disclose. 2. List three types of incident damage that must be disclosed. 3. True or False: Dealer A buys from a daily rental company a car previously used in the rental fleet. Dealer A then sells the car (giving full disclosure of the car's history as a daily rental) to a consumer who buys it for personal use. A year later, the consumer trades that car in to Dealer B. Dealer B does a history search and sees the car was once a daily rental. Under Regulation 42 of the MVDA, when Dealer B sells this car to another customer they are not required to inform the customer of the car's previous use as a daily rental. 4. True or False: If a vehicle was declared a total loss in a collision, but has since been repaired and received a structural safety certificate and a Safety Standards Certificate (SSC) from an authorized repair centre, the dealer does not need to notify a purchaser of the previous damage. 5. Which of the following must be disclosed? a) The replacement of any single body panel (excluding bumper covers) b) The replacement of two or more adjacent body panels (excluding bumper covers) c) The repainting of two or more adjacent body panels (excluding bumper covers)

Answer & Explanation Solved by verified expert

See Answer