OMVIC Practice Test

On a purchase contract, what must be printed in 14 point bold font next to the buyer's signature?

1. Date of the contract

2. Dealer location

3. Name of dealer and affiliated persons

4. Sales final statement

The correct answer is: Sales final statement

In a purchase contract, the information that must be printed in 14 point bold font next to the buyer's signature is the sales final statement. This is because the sales final statement outlines the terms and conditions of the purchase, including any warranties or conditions of sale. The other options, such as the date of the contract and the dealer location, while important, do not specifically pertain to the buyer's responsibilities and obligations in the purchase. The name of the dealer and affiliated persons is important for identification purposes but does not directly pertain to the terms of the purchase. Therefore, the sales final statement is the most appropriate and important piece of information to be highlighted in 14 point bold font next to the buyer's signature.