OMVIC Practice Test

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Prepare for the OMVIC Certification Test with practice questions that include hints and detailed explanations. Enhance your learning with flashcards and multiple choice questions. Get ready to pass your OMVIC Test with confidence!

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.

True or False: If the customer enters into the contract but refuses to complete the sale, the dealer can keep 100 percent of any deposit, regardless of the amount.

False
True

The correct answer is: False

The statement is false because the amount of the deposit does not determine whether or not the dealer can keep it. The dealer can only keep the deposit if it is stated in the contract or if the customer breaches the contract. Even then, the amount of the deposit that the dealer can keep may be limited by applicable laws or regulations. Therefore, the dealer cannot automatically keep 100 percent of any deposit, regardless of the amount, if the customer refuses to complete the sale.