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!

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What does "material fact" refer to?

Information that is trivial to the purchase or lease
Information that affects the consumer's decision to purchase or lease a vehicle
Information that can be ignored by the consumer
Information that must be hidden from the consumer

The correct answer is: Information that affects the consumer's decision to purchase or lease a vehicle

"Material fact" refers to information that is important and relevant to the consumer's decision to purchase or lease a vehicle. This includes any information that could impact the value, safety or condition of the vehicle, and cannot be ignored by the consumer. Option A is incorrect because trivial information does not have an impact on the consumer's decision. Option C is also incorrect because material facts cannot be ignored. Option D is incorrect because material facts should never be hidden from the consumer.