The Three Types of Contractual Conditions Are Condition Precedent,condition Subsequent,and

question 19

True/False

The three types of contractual conditions are condition precedent,condition subsequent,and recurrent conditions.

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Definitions:

Net Income

Net income is the amount of money left after all expenses, taxes, and costs have been subtracted from a company's total revenue.

Revenues

Income generated from normal business operations and includes discounts and deductions for returned merchandise.