👑 VIP Practice Test

OMVIC Dealer Operations and Business Practices 4 is a VIP-exclusive practice test — only for VIP members.

Question 1👑 VIP

A dealer receives a $4,000 deposit on a vehicle on Thursday afternoon. Due to a statutory holiday, the bank is closed on Friday. Under the MVDA, by when must the deposit be placed in the dealer's trust account?

Remaining questions and full explanations are VIP-exclusive.

Already a VIP member? Enter your email to unlock instantly: