5 The 'cooling-off period for a customer who signs a contract to purchase a vehicle from a registered dealer is: Nk5HZ0drRVpzCTRVVmozR2hVL1Zvdz09 > a. O 10 days. b. O 48 hours. c. O d. O 24 hours. A common misconception, but there is no 'cooling-off period.
5 The 'cooling-off period for a customer who signs a contract to purchase a vehicle from a registered dealer is: Nk5HZ0drRVpzCTRVVmozR2hVL1Zvdz09 > a. O 10 days. b. O 48 hours. c. O d. O 24 hours. A common misconception, but there is no 'cooling-off period.
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Pls help ASAP on both
Transcribed Image Text:5 The 'cooling-off period for a customer who signs a contract to purchase a vehicle from a registered dealer is:
Nk5HZ0drRVpzcTRVVmozR2hVL1Zvdz09 >
a. O 10 days.
b. O 48 hours.
c. O
A common misconception, but there is no 'cooling-off period.
d. O 24 hours.
Transcribed Image Text:6 MVDA allows a customer to cancel a contract if the dealer failed to disclose that:
Nk5HZ0drRVpzCTRVVmozR2hVL1Zvdz09 →
a. O
The vehicle's manufacturer's warranty was cancelled.
The vehicle was previously used as a taxi or limo.
b. O
c. O
The vehicle was recovered after being reported stolen.
d. O The vehicle was previously used for delivering food.
Expert Solution
Step 1: 5) Define cooling off period
Note: As per bartleby guidelines in case multiple questions are asked by the students then the expert is required to answer only first question. Please repost other questions again.
A cooling-off period is a period of time during which a customer can cancel a transaction without incurring any penalties. It is intended to allow individuals time to consider their options and ensure that they are satisfied with their purchase. Cooling-off periods are frequently mandated by law, but they can also be made available voluntarily by enterprises. The cooling-off period may vary in length.
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