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Which statement is true under the MVDA regarding the availability of rescission?

  1. Available to any customer, including another dealer

  2. Available only for new vehicles

  3. Available only to consumers

  4. Not available for leased vehicles

The correct answer is: Available only to consumers

The Motor Vehicle Dealer's Act (MVDA) states that the right of rescission, which is the right to cancel a contract, is only available to consumers. This means that dealers and other businesses are not eligible to use this option. Option A is incorrect because it mentions "another dealer", which is not a consumer. Option B is incorrect because it limits the availability to only new vehicles, while the MVDA does not make this distinction. Option D is incorrect because it mentions "leased vehicles", which are also considered vehicles for consumers and therefore eligible for rescission according to the MVDA.