6.08 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. True or False: The MVDA remedy of rescission (cancellation of a sales contract) is available only to a customer who is a "consumer." 2. Dealers are required to disclose all the information set out below ( a f); however, rescission is only granted automatically for failing to disclose three of them. Which are they? a) The make, model and model year of the vehicle b) The vehicle is missing airbags c) The vehicle was previously a taxi or limo d) The vehicle's manufacturer's warranty has been cancelled e) The vehicle has been branded f) The vehicle was involved in a collision 3. There are three other disclosure requirements that, if not met, trigger a customer's rescission rights. What are they? 4. True or False: The remedy of rescission is available to a customer who is also a dealer. 5. Under the MVDA, a customer entitled to rescission has how long to request cancellation? a) 30 days c) 180 days b) 90 days d) One year 6. True or False: Consumers may also have up to one year to request rescission under the Consumer Protection Act. 7. What is the margin of error allowed to a dealer who provides the distance driven (odometer reading) or who cannot determine the total distance driven, but can determine the distance driven as of some past date? 8. True or False: If the dealer "inflated" the selling amount of a vehicle and the dollar amount of a trade-in, and the contract ends up being rescinded, the dealer would have to return the inflated trade-in dollar amount. 9. True or False: Customers cannot rescind a contract if the dealer was unaware of a vehicle's true history, or honestly believed the disclosure given to be accurate