True or False: A dealer is not responsible for taking written action to correct a misleading advertisement placed by a manufacturer if the advertisement contains the dealer's name.

The statement is false. In Colorado, a dealer is held responsible for the content of advertisements that include their name, even if the advertisement originated from a manufacturer. If an advertisement is misleading, the dealer has a duty to take action to correct it. This responsibility is in place to protect consumers from being misled and to ensure that advertisements accurately represent the products and services being offered.

Failing to take corrective action could lead to potential legal consequences for the dealer, including fines or other penalties. Thus, the correct answer highlights the dealer's obligation to maintain integrity in advertising and enforce accurate representations even when the source of the advertisement is not the dealer themselves.