Question

Using the calendar-year method for calculating a closing-cost proration, February would have how many days if the year is not a leap year?

Answer 1

Using the calendar-year method, February would have 28 days if the year is not a leap year, as determined by the rules of the Gregorian calendar.

Step-by-step explanation:

In the calendar-year method for calculating closing-cost prorations that is not based on a leap year, February would have 28 days. This is because in the Gregorian calendar, which regulates our standard calendar system, February has 28 days in a common year and 29 days in a leap year. Leap years occur every 4 years, but a year that is divisible by 100 is not a leap year unless it is also divisible by 400. For example, the year 1900 was not a leap year, but the year 2000 was.