Contracts
A South Dakota purchase agreement is signed on Monday. The buyer has a 3-day inspection contingency. When does the inspection period expire?
AWednesday at midnight
BThursday at midnight✓ Correct
CFriday at midnight
DThe next business day after Monday
Explanation
When counting days in South Dakota contract periods, the first day is typically excluded. Starting from Monday, day 1 is Tuesday, day 2 is Wednesday, day 3 is Thursday — so the period expires Thursday.
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