Baird v. Baird
Court of Appeals of North Carolina
1Opinion of the Court
ARNOLD, Judge.
Plaintiff contends that the trial court erred in construing the term “net professional income” as meaning gross medical income less ordinary and necessary expenses incurred in producing such income less the state and federal income taxes on such income. We disagree.
The term “net professional income” is susceptible to more than one reasonable interpretation. It can be read as meaning medical income minus ordinary and necessary expenses or medical income less expenses and taxes on such income. No definition or explanation of the term is found in the separation agreement. Since…
2Cases cited3 opinions
- Whitaker v. EarnhardtSupreme Court of North Carolina · 1976
- Laughter v. LambertCourt of Appeals of North Carolina · 1971
- Harris-Teeter Supermarkets, Inc. v. HamptonCourt of Appeals of North Carolina · 1985