Final answer:
In a purchase contract, the acknowledgment clause and witness clause must be printed in 14 pt. bold font next to the buyer's signature to ensure their understanding and presence in the legal agreement.
Step-by-step explanation:
- In a purchase contract, what must be printed in 14 pt. bold font next to the buyer's signature are the acknowledgment clause and the witness clause.
- The acknowledgment clause is a statement declaring that the buyer understands the terms and conditions of the contract and is willingly entering into the agreement. It typically contains phrases such as 'I have read and understood this contract' or 'I am signing this contract voluntarily'.
- The witness clause, on the other hand, is a section where a witness to the signing of the contract affirms their presence and identifies themselves. This is particularly important in situations where the contract may need to be validated or enforced in a court of law.