Question

When ownership of a vehicle is transferred, the seller must file a Report of Sale within ___ days and the purchaser must report the transfer within ___ days.

A) 5, 10
B) 10, 15
C) 15, 20
D) 20, 30

Answer 1

The seller and purchaser have specific time frames by law to report the sale and transfer of a vehicle, respectively. The exact number of days can vary based on state regulations, so the student should refer to their local motor vehicle laws to determine the correct answer.

Step-by-step explanation:

When ownership of a vehicle is transferred, there are specific time frames within which both the seller and purchaser must complete certain actions. The seller must file a Report of Sale within a specified number of days after the sale of the vehicle, and similarly, the purchaser must report the vehicle transfer to the appropriate government agency or department of motor vehicles within a set time period.

The correct answer to the question depends on the regulations specific to the state in question, as the time frames for reporting a sale or transfer are not standardized across all states. Therefore, without the specific state context, options A) 5, 10 B) 10, 15 C) 15, 20 D) 20, 30 could all be correct depending on the region.