Contracts made on a legal holiday can generally be performed on the:
A) same day of the legal holiday.
B) next business day following the holiday.
C) on the day prior to the holiday.
D) within one week from the date of legal holiday.

Question

Quizplus · Accepted Answer

Contracts made on a legal holiday can generally be performed on the next business day following the holiday. This is because legal holidays are non-business days and most businesses and courts are closed. Therefore, the next business day is the earliest practical day for performance.

Contracts Made on a Legal Holiday Can Generally Be Performed