True or False: A dealer is responsible for taking written action to correct misleading advertisements made by a manufacturer if the ad contains the dealer's name.

The assertion is true, as dealers are considered responsible for the advertisements that include their names—this includes taking action to rectify any misleading claims. When a manufacturer’s advertisement contains a dealer's name, the dealer is expected to ensure that the information presented is truthful and not misleading to consumers. This is part of the professional integrity and ethical responsibilities of dealing in motor vehicles. If a misleading advertisement is disseminated, it could harm both the dealer's reputation and consumer trust, necessitating proactive correction.

While some might consider the possibility of varying state regulations, the core principle remains that dealers bear responsibility for information that directly associates them with a particular advertisement. A dealer's awareness of misleading information is also critical, as it underscores the importance of due diligence in advertising practices; however, responsibility typically does not hinge solely on awareness. Ultimately, regardless of the specific circumstances or state laws, the ethical obligation to correct misleading advertisements stands firm when a dealer's name is involved.