Which day is considered the starting point for the earnest money deposit deadline if the contract is accepted on a Saturday?

In real estate transactions, the earnest money deposit is often required to be made within a specific period after the acceptance of a contract. When a contract is accepted on a Saturday, the starting point for calculating the deadline for the earnest money deposit is the day after the contract is signed, which is Sunday. However, most business transactions generally recognize Monday as the first business day following a weekend which is critical in understanding the deadline.

Since Saturday and Sunday are not standard business days, the earnest money deposit deadline is typically set to the next business day, which is Monday. This understanding is rooted in practical business practices where weekends do not count toward contractual deadlines. This means that while Sunday is technically the day after the acceptance, it does not serve as an effective "starting point" for action on the deposit. Hence, the correct answer reflects the intention to ensure that the earnest money is deposited on a day when typical banking transactions can occur, which is why Monday is considered the deadline after a Saturday acceptance.