40 Under the Consumer Protection Act, when an advertisement offers financing to purchase a vehicle and discloses the interest rate or the amount of the payment by the borrower (unless certain conditions exist), which of the following must also be disclosed? eDRNOHpKLZzZpVZZIVzIQNT10dFMxZz09 → a. O The weekly or bi-weekly payments, the total cost of borrowing, and the interest rate. b. O The annual percentage rate, length of term, the cash price of the vehicle, and the cost of borrowing. The excess kilometre cost, the monthly payments, and the total cost of borrowing. c. O d. O The amount of upfront payment required, monthly percentage rate, and the length of term.
40 Under the Consumer Protection Act, when an advertisement offers financing to purchase a vehicle and discloses the interest rate or the amount of the payment by the borrower (unless certain conditions exist), which of the following must also be disclosed? eDRNOHpKLZzZpVZZIVzIQNT10dFMxZz09 → a. O The weekly or bi-weekly payments, the total cost of borrowing, and the interest rate. b. O The annual percentage rate, length of term, the cash price of the vehicle, and the cost of borrowing. The excess kilometre cost, the monthly payments, and the total cost of borrowing. c. O d. O The amount of upfront payment required, monthly percentage rate, and the length of term.
Related questions
Question
Pls help ASAP
Transcribed Image Text:Under the Consumer Protection Act, when an advertisement offers financing to purchase a vehicle and discloses the
interest rate or the amount of the payment by the borrower (unless certain conditions exist), which of the following must
also be disclosed?
40
eDRNOHpKLzZpVzZIVzIQNTI0dFMxZz09 >
a. O
The weekly or bi-weekly payments, the total cost of borrowing, and the interest rate.
b. O The annual percentage rate, length of term, the cash price of the vehicle, and the cost of borrowing.
c. O
The excess kilometre cost, the monthly payments, and the total cost of borrowing.
d. O The amount of upfront payment required, monthly percentage rate, and the length of term.
Transcribed Image Text:47 Which of the following statements about a consignment contract is FALSE?
eDRNOHpKLzZpVzZIVzIQNTIODFMxZz09 >
a. O
The contract must be in writing and signed by both the dealer and the consignor.
b. O The contract must include the current black book value of the consigned vehicle.
c. O
The contract must specify the make, model, trim level, model year, colour, VIN, and body type of the vehicle.
d. O The contract must include the dealer's registration number and registered name.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
