Contracts
A Connecticut purchase contract states that the buyer must obtain a satisfactory home inspection within 10 days. The 10th day is a Sunday. Under Connecticut law, when does the contingency period expire?
ASunday, the 10th day
BMonday, the next business day✓ Correct
CSaturday, the day before
DThe following Friday
Explanation
Under Connecticut contract law and the Uniform Commercial Code principles, when a contractual deadline falls on a weekend or legal holiday, the deadline is extended to the next business day.
Related Connecticut Contracts Questions
- A Connecticut listing agreement that establishes the broker's exclusive right to sell a property for 90 days is known as a(n):
- The Connecticut Uniform Electronic Transactions Act (UETA) allows:
- A Connecticut buyer signs a purchase and sale agreement and provides a $10,000 earnest money deposit. The buyer discovers a material defect during inspection and invokes the inspection contingency to terminate. The earnest money:
- A Connecticut real estate contract is said to be 'executory' when:
- Under Connecticut law, if a buyer fails to close and the purchase contract includes a 'liquidated damages' clause, the seller may:
- A Connecticut real estate licensee who prepares a contract for a client is engaging in:
- A Connecticut purchase contract that is signed under duress (e.g., threats of physical harm) is best characterized as:
- A Connecticut commercial lease 'gross-up' provision allows the landlord to:
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →