Which statement best encapsulates the Supreme Court of Canada's position regarding the duty of honesty in contract law? 

Parties have a choice to disclose any matters that would adversely impact the other party's decision to enter into the contract. 

Parties in a contract have a duty to reap any advantages flowing to them from the contract even if it means lying in the contract. 

Parties in a contract always have a duty to be loyal to one another.

Parties must not lie or otherwise knowingly mislead each other about matters directly linked to the performance of the contract.

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