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If a home solicitation contract is signed on Thursday afternoon, what is the deadline for cancellation?

  1. Sunday midnight

  2. Monday midnight

  3. Tuesday midnight

  4. Wednesday midnight

The correct answer is: Monday midnight

In the context of home solicitation contracts, various laws provide consumers with the right to cancel their purchase within a specific period after signing the contract. According to the regulations in Utah, if a contract is signed on Thursday afternoon, the consumer typically has until the end of the third business day to cancel the contract. Given that Thursday counts as the first day, Friday as the second day, and Saturday as the third day, the cancellation period would conclude at midnight on Sunday. However, if Sunday is considered a non-business day, which is often the case, the next business day would be Monday, making it the deadline. Thus, the appropriate cancellation deadline in this scenario would be Monday at midnight. This aligns with the protection laws designed to ensure that consumers have sufficient time to reconsider their decisions regarding home solicitation contracts.