Contracts
In Oregon, a purchase agreement is signed on March 1 with a 15-day inspection contingency. The last day for the buyer to exercise the inspection contingency is:
AMarch 14
BMarch 15
CMarch 16✓ Correct
DMarch 31
Explanation
Counting 15 days from March 1: March 1 + 15 days = March 16. In Oregon, contingency periods are typically counted in calendar days from the date of mutual acceptance, with the deadline falling on the last day at a specified time (often midnight or 5:00 PM).
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