[Dog Training] Nia and Bruno Enter into a Written Contract

question 6

Multiple Choice

[Dog Training] Nia and Bruno enter into a written contract for Bruno to train Nia's dog. Under the contract, Nia is required to pay Bruno $20 for each training session.
-What law would best govern Nia and Bruno's contract?

• A) Both common law and the Uniform Commercial Code.
• B) The Uniform Commercial Code.
• C) Statutory law of the state.
• D) Federal law.
• E) Common law.

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Definitions:

Value Chain

The sequence of activities that a company performs to design, produce, market, deliver, and support its product, adding value at each step.

Consecutive Steps

Sequential steps or actions that follow one directly after the other without interruption or deviation.

Inputs

The resources, materials, or information that are required to produce goods or services in a business or manufacturing process.

Break-Even Point

The point at which total cost and total revenue are equal, meaning there is no net loss or gain, and the business starts to generate profit beyond this point.