Which statement about contract disclosures is true?

• A. Contracts must disclose prescribed information, cancellation rights, and a list of supplies and prices.
• B. Contracts must disclose staff salaries.
• C. Contracts must disclose competitor pricing.
• D. Contracts must disclose the owner's hobbies.

Answer: (A)

Contracts for funeral services in Ontario must include specific disclosures to protect consumers. The statement that contracts must disclose prescribed information, cancellation rights, and a list of supplies and prices is true because it ensures buyers have a clear, itemized understanding of what they’re paying for and the terms under which they can cancel. This transparency helps prevent surprises and supports informed decision-making when entering a contract for funeral goods and services. Disclosures about staff salaries, competitor pricing, or the owner’s hobbies aren’t part of these mandated contract requirements; they don’t relate to the goods, services, or cancellation rights involved in the funeral arrangement.