A Second Will Automatically Revokes an Earlier Will If It

question 11

True/False

A second will automatically revokes an earlier will if it is wholly inconsistent.

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Definitions:

Target Profit

The desired net income a business aims to achieve within a specific period, often used for setting sales targets or pricing strategies.

Unit Sales

The total quantity of a product sold by a company in a given period, not to be confused with sales revenue.

Break-Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain for the business.

Total Dollar Sales

The overall revenue generated from the sale of goods or services, expressed in terms of the total amount of money received.