David is selling his home and his agent delivers the SPDS to the buyer via certified mail on Monday. The buyer signs for the delivery on Wednesday. When does the buyer's 7-day cancellation period begin?
Correct Answer
C) Wednesday, when the buyer received and signed for it
The 7-day cancellation period begins when the buyer actually receives the SPDS, which is Wednesday when they signed for the certified mail delivery. The cancellation period doesn't begin when the SPDS is mailed. The day after mailing is irrelevant - actual receipt is required. The cancellation period begins on the day of receipt, not the day after receipt.
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