OMVIC Practice Test

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Prepare for the OMVIC Practice Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your OMVIC exam!

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

Buyer's Name
Mandatory "Sales Final" statement
Seller's Name
Vehicle Identification Number (VIN)

The correct answer is: Mandatory "Sales Final" statement

The mandatory "Sales Final" statement must be printed in 14 pt. bold font next to the buyer's signature on a purchase contract. This statement serves as a reminder to the buyer that once they sign the contract, the sale is final and there is no option for return or refund. Options A, C, and D are incorrect as they do not need to be printed in 14 pt. bold font next to the buyer's signature. Option A, the buyer's name, should already be included on the contract and does not need special font or emphasis. Option C, the seller's name, only needs to be included for identification purposes and can be printed in a regular font. Option D, the Vehicle Identification Number (VIN), while an important piece of information, does not need to be highlighted in 14 pt. bold font.