A customer signed a contract on Friday, December 21st. On which day is the last day the customer may cancel?

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Multiple Choice

A customer signed a contract on Friday, December 21st. On which day is the last day the customer may cancel?

Explanation:
The concept being tested is how to compute a three-business-day cooling-off period, counting only business days and starting the day after the contract is signed. You sign on Friday. The day after signing isn’t counted because the period starts the next business day, and weekends aren’t business days. So the first business day is Monday, followed by Tuesday (second), and Wednesday (third). That makes Wednesday the last day you may cancel.

The concept being tested is how to compute a three-business-day cooling-off period, counting only business days and starting the day after the contract is signed.

You sign on Friday. The day after signing isn’t counted because the period starts the next business day, and weekends aren’t business days. So the first business day is Monday, followed by Tuesday (second), and Wednesday (third). That makes Wednesday the last day you may cancel.

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