OMVIC Practice Test 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

What does "material fact" refer to?

Information that is trivial to the purchase or lease

Information that affects the consumer's decision to purchase or lease a vehicle

"Material fact" refers to information that is important and relevant to the consumer's decision to purchase or lease a vehicle. This includes any information that could impact the value, safety or condition of the vehicle, and cannot be ignored by the consumer. Option A is incorrect because trivial information does not have an impact on the consumer's decision. Option C is also incorrect because material facts cannot be ignored. Option D is incorrect because material facts should never be hidden from the consumer.

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Information that can be ignored by the consumer

Information that must be hidden from the consumer

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