Under what condition can a prepaid contract be canceled?

The option indicating that a buyer can cancel a prepaid contract if they do not receive escrow information within 20 days is accurate because Vermont law stipulates specific requirements for the handling of prepaid funeral contracts. When a buyer enters into a prepaid contract, they have the right to be informed about the status of their funds and the location where these funds are held. The law mandates that the buyer must receive this crucial escrow information within a defined timeframe to ensure transparency and protect their investment. If this information is not provided within 20 days, the buyer is entitled to cancel the contract, thereby safeguarding their rights and financial interests.

The other options, while they may touch on related circumstances surrounding prepaid contracts, do not align with the specific conditions set forth in Vermont law for cancellation. For instance, a buyer changing their mind or requesting a refund may not necessarily provide a legal basis for cancellation, and the provision of services is a separate aspect governed by the terms of the contract rather than the conditions of escrow information disclosure. Understanding these legal nuances is important for ensuring compliance with state regulations.