Yes. If you have five or more unpaid parking tickets your vehicle may be towed.
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No. The graduated fine system only involves tickets that are issued for 2 or 4 hour parking violations.
If you were the registered owner of the vehicle at the time you received the parking ticket you are responsible for paying the ticket. If you did not own the vehicle when the parking ticket was issued, then it is your responsibility to contact the Department of Motor Vehicles to notify them you sold the vehicle. You will continue to receive notices of additional tickets as long as the state shows the title in your name.
Yes. As the registered owner the ticket is your responsibility. Parking tickets can not be cancelled due to the registered owner not being made aware of the parking ticket.