Contracts
In Oregon, a seller accepts a buyer's offer on March 15 at 3:00 PM and sends notification of acceptance. The buyer's 10-day inspection period begins:
AMarch 14 (the day before acceptance)
BMarch 16 (the day after acceptance notification is received)✓ Correct
CMarch 15 immediately upon acceptance
DWhen the buyer first learns of the seller's acceptance
Explanation
In Oregon standard purchase agreements, contingency periods typically begin the day after mutual acceptance is communicated to the buyer. Counting from March 15 acceptance: the 10-day inspection period would begin March 16 and expire March 25 under typical Oregon standard form language.
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