What is the minimum duration an advertised price must be honored if no specific time was stated?

3 days

5 days

The minimum duration that an advertised price must be honored when no specific time frame is stated is 5 days. This regulation is in place to protect consumers by ensuring that they have a reasonable amount of time to respond to an advertisement before prices possibly change. If a dealership advertises a price, it creates an expectation for potential customers that they can purchase the vehicle at that price for a minimum duration. Honoring the price for at least 5 days helps to foster trust and transparency in car sales practices, encouraging consumers to engage with the dealership without the fear of immediate price fluctuations.

Get further explanation with Examzify DeepDiveBeta

7 days

14 days

Want more questions?

All options are one-time payments.

$12.99

30 day pass for new members

All the basics to get you started

  • Ad-free experience
  • View your previous attempt history
  • Mobile app access
  • In-depth explanations
  • 30 day premium pass access
$29.99$92.93 usd

6 month DELUXE pass (most popular)

Full access FOR 6 MONTHS! & the ultimate digital PDF study guide (BONUS)

  • $92.93 usd value for $29.99! You save $62.94!
  • Ad-free experience
  • View your previous attempt history
  • Mobile app access
  • In-depth explanations
  • 6 months of full access
  • Ultimate digital PDF study guide included
  • Priority support
$14.99 $19.99

Ultimate digital PDF study guide

For those that prefer a more traditional form of learning

  • Available for instant download
  • Available offline
  • Hundreds of practice multiple choice questions
  • Comprehensive content
  • Detailed explanations
Image Description
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy