Colorado Car Sales Practice Test

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Prepare for the Colorado Car Sales Exam. Use flashcards and multiple-choice questions with hints and explanations. Get ready for success!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

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

3 days
5 days
7 days
14 days

The correct answer is: 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.