State of Colorado sales license test(pearls ) Questions and Correct Answers | Well-Graded
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On Sunday(s), dealers are prohibited from selling all of the following except? - ✔✔ ( C) Powersport Vehicles The licenses of a new or used dealer, wholesale auction dealer, or whole sales may be denied, suspended, revoked or fined for the following: - ✔✔ (D) All of the above Colorado's Lemon Law covers: - ✔✔ (C) defects that substantially impair market vale of a vehicle Local law enforcement agencies must be notified with thin four hours after repossession of a motor vehicle occurs - ✔✔ (B) False it's 1 hour The Buyer guide, or "as is" sticker must be? - ✔✔ (B) Provided by another language than English if the transact is being conducted in another language than English The only items that can be added to an advertised price are - ✔✔ (A) dealers handling and preparation charges Dealers must either be self-insured or have insurance for their vehicles - ✔✔ (A) true Is it acceptable for a licensed dealer to place an advertisement using only the name "ABC Enterprise"?. - ✔✔ (B) False is has to say ABC enterprise dealership A dealer has how many days to deliver or facilitate delivery of title from the date of sale? - ✔✔ (D) 30 days According to Colorado law , motor vehicle leasing company do NOT need a motor vehicle dealers license - ✔✔ (B) False Three of the following are required to be disclosed in an advertisement when a dealer is advertising a close-end credit sale or a motor vehicle or power sport vehicle with a down payment amount, payment amount, number of payment, period of repayment or amount of financing charge. Which one is NOT required? - ✔✔ (C) amount of percentage of the down payment Three of the following are deceptive trade of practices. Which one of the following is Not? - ✔✔ (D) delivering goods as promised Member of motor vehicle dealer board must - ✔✔ (C) be a resident of the state for at least 5 years Depot plates may be used during normal business hours to transport a motor vehicle - ✔✔ (D) all the above The license of a motor vehicle sales person or a powersport salesperson may be denied ,revoked , or suspended on any of the following EXCEPT? - ✔✔ (A) advertising a salvage vehicle while identifying the vehicle as salvage vehicle A dealer is required to conspicuously display in there place of business the license of each sale person employed by the dealer - ✔✔ (A)true The license of a motor Sale person or powersport sale person me be denied, revoked or suspended on any of the following ground except - ✔✔ (B) advertising a salvage vehicle while identifying the vehicle as salvage A new motor vehicle has three of the following characteristics. Which one doesn't it have? - ✔✔ (B) title Which of the following step are required to properly and legally repossess a motor vehicle - ✔✔ (A) effect a lien creating a security interest A dealer is responsible for taking written actions to attempt to correct a misleading advertisement placed by a manufacturer if the advertisement contains the dealer name - ✔✔ (B) False

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Education
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Unit: Exam
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