Final answer:
The terms of a purchase contract between a buyer and seller are generally confidential, and not all details are made publicly available or recorded. Full disclosure refers to honesty in providing necessary information but does not equate to public disclosure.
Step-by-step explanation:
The terms of a purchase contract between a buyer and seller can vary depending on the specifics of that contract. Generally, contract terms are considered to be confidential and are not made public. However, certain aspects of a transaction, especially related to real estate, may be required to be recorded in public records, but even then, not all the details of the contract are disclosed. Full disclosure often refers to the need for parties in the contract to act honestly and provide all necessary information, but it does not imply that the contract terms are publicly available or recorded. Each contract and its terms are unique to the parties involved and the specific transaction.