(1) Subject to subsection (2), prior to any agreement, the seller or owner shall state in writing to the prospective consumer—
(a) in the case of a credit-sale agreement or a lay away plan, the cash price of the goods and the rate of interest charged; and
(b) in the case of a hire-purchase agreement, the hire-purchase price of the goods.
(2) Notwithstanding subsection (1), the seller or owner may not state in writing the purchase price of the goods where—
(a) the consumer has inspected the goods or like goods and at the time of his or her inspection tickets or labels were attached to or displayed with the goods clearly stating the purchase price, either of the goods as a whole or of all the different articles or sets of articles comprised in the goods;
(b) the consumer has selected the goods by reference to a catalogue, price list or advertisement, which clearly stated the purchase price either of the goods as a whole or of all the different articles or sets of articles comprised.
(3) An agreement formed without complying with this section shall not be enforceable.