(1) A dealer shall not
accept a vehicle under a consignment agreement unless the agreement —
(a) is
in writing signed by the consignee, or his agent, and the consignor; and
(b)
contains the prescribed particulars, terms and conditions.
Penalty: $5 000.
(2) Subsection (1)(b)
does not prevent a consignment agreement containing, or incorporating by
reference, other terms and conditions so long as they are not inconsistent
with, and do not limit or diminish, those that are prescribed.
(3) A dealer shall
ensure that a copy of a consignment agreement is given to the consignor
immediately after the agreement is signed by the parties to it.
Penalty: $5 000.
[Section 32B inserted: No. 4 of 2002 s. 57.]