Important Time Issues
Notice to Seller to Perform-No Time Specified. If
Seller does not perform, Buyer has the right to cancel
Notice to Buyer to Perform- 2 Calendar Days
Demand to Close Escrow- Defaults to 3 Calendar Days
Days means Calendar Days unless otherwise specified
Days end at 11:59 p.m.
If the LAST day for any act falls on a Saturday,
Sunday or Legal holiday it is not counted. Instead the act may be performed on the next calendar day. If a Saturday,
Sunday or Legal holiday falls on the first day or any day other than the last day, the Saturday, Sunday or Legal
holiday is counted.
First day means first full calendar day
(Partial calendar day is day 0. First full calendar
day is day 1, etc.)
Delivery:
Default Rule: Not effective until personal
receipt by buyer, seller or individual real estate licensee
Optional Rule (if RDN used): Delivery effective
when sent (9 am- 5 pm, Monday- Friday only) or personal
receipt, whichever occurs first