Question

The newest employee at Edwards Escrow Co., Adam Riley, is handling the escrow

Answer 1

Since Adam cannot remember the number he used for the proration, then, he should use 28 days because that is the actual number of days in February,

Proration is an act of dividing the property expenses between a buyer and seller to ensure that the parties only pay for the days they owns the property.

Since the month of February contains 28 days, then, the number of days used in the calculation of the Proration will be maximum of 28 days

Therefore, the Option A is correct because 28 days is the actual number of days in February.

Missing options includes

• 28 days because  that is the actual number of days in February, the month for which the prorations are being calculated.,
• 30 days which escrow companies use as their base month in figuring out prorations
• 31 days which escrow companies use as their base month in figuring out prorations.

Read more about February days

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