If the ticket transaction is entered into IAR on Monday and that Monday is a holiday, what is the latest time to void the ticket?

If the ticket transaction is entered into IAR on Monday and that Monday is a holiday, what is the latest time to void the ticket?

• A. 11:59 PM ET, that same Monday
• B. 11:59 PM local time, Wednesday
• C. 11:59 PM ET, the next Tuesday
• D. 11:59 PM local time, that Monday

Answer: (C)

Voids have a strict cutoff: they must be completed by 11:59 PM Eastern Time on the next business day after the transaction date. If that transaction date is a holiday, that day isn’t a business day, so the deadline shifts to the next business day. Here, the ticket was entered on Monday, which is a holiday, so the next business day is Tuesday. Therefore, the latest time to void the ticket is 11:59 PM ET on Tuesday. Local time isn’t used for this cutoff, and choosing the same Monday or extending to Wednesday would miss the established rule.

Voids have a strict cutoff: they must be completed by 11:59 PM Eastern Time on the next business day after the transaction date. If that transaction date is a holiday, that day isn’t a business day, so the deadline shifts to the next business day. Here, the ticket was entered on Monday, which is a holiday, so the next business day is Tuesday. Therefore, the latest time to void the ticket is 11:59 PM ET on Tuesday. Local time isn’t used for this cutoff, and choosing the same Monday or extending to Wednesday would miss the established rule.