Does the term net income have to be interpreted as "net income"?
California, United States of America
The following excerpt is from Bradley v. Superior Court In and For City and County of San Francisco, 310 P.2d 634, 48 Cal.2d 509 (Cal. 1957):
Petitioner, contending that the trial court erred in its finding as to the meaning of the term 'net income,' cites [48 Cal.2d 516] (Messenger v. Messenger (1956), 46 Cal.2d 619, 626(4), 297 P.2d 988) and quotes the rule that 'In the absence of conflicting extrinsic evidence as to the meaning of the agreement, the trial court's interpretation of it is not binding on this court.' But
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