You could also look for a 1982 honda MB5 49.9cc over 90 km/hr if moded up to 120 kph..used to have a fast one when I was 14 would do 120 with a passenger.
depends, they really should not be able to do anything with a car licence (probation or 15 points NOT apprenti)
but some cops can be jerks and tow it because its clutch manual it happend to me a few times, but not much problems if you know what to say
EDIT: also, depends where you are, some cops are more knoledgeable than others on the subject
not too true, ive known people with some stupid shit (like non-matching serial numbers, no D.O.T Helmet etc..) that talked themselves out of a ticket, come on its not like a full sized bike