Wisconsin Motor Vehicle Salesperson Manual Practice Test

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Prepare for the Wisconsin Motor Vehicle Salesperson Test. Study with interactive flashcards, multiple-choice questions, and detailed explanations for each question. Ace your exam with ease!

Practice this question and more.

If the prelease agreement is canceled within the specified period, what must the dealer provide to the customer?

Full refund of any fees paid
A written notification
Nothing, as the contract was not binding
A new prelease agreement

The correct answer is: Full refund of any fees paid

If the prelease agreement is canceled, the dealer is obligated to provide the customer with a full refund of any fees paid. This is because the agreement was not fulfilled and the dealer cannot keep any payment or fees without providing the promised services. Option B is incorrect because a written notification may not necessarily result in a refund for the customer. Option C is incorrect because even though the contract may not be binding, the dealer still has a responsibility to refund any fees paid. Option D is incorrect because a new prelease agreement may not be agreed upon or necessary in this situation.