Asked by Vaishnavi Surnis on Apr 27, 2024
Verified
The Federal Trade Commission defines a "dealer" as anyone who sells more than five (5)used cars in a 12-month period.The law covers the sale of automobiles,light-duty vans,and light-duty trucks.
Light-Duty Trucks
Trucks designed for less strenuous tasks, with a focus on transportation rather than heavy hauling.
Light-Duty Vans
Vehicles designed for commercial but not heavy-duty use, often used for deliveries or as work vans.
Dealer
An individual or entity engaged in the buying and selling of goods, securities, or services, often acting as a middleman.
- Become acquainted with the stipulations and norms set by the FTC for advertising and sales practices.
Verified Answer
SH
Sakina HussainMay 01, 2024
Final Answer :
True
Explanation :
The statement is true according to the definition given by the Federal Trade Commission.
Learning Objectives
- Become acquainted with the stipulations and norms set by the FTC for advertising and sales practices.
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