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Erik Is Retired, but He Has Maintained a Very Active

question 87

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Erik is retired, but he has maintained a very active schedule. He volunteers for a local non-profit organization, plays cards with his friends twice each week, and he does a daily crossword puzzle. He also takes his neighbour's dog for a brisk walk at lunchtime. Which of the following is less likely to develop as Erik ages, as a result of his lifestyle and activities?


Definitions:

Assignee

An individual or entity to whom rights or interests have been transferred by another party, known as the assignor.

Payment

The transfer of money or goods from one party to another as an exchange for goods, services, or to fulfill a legal obligation.

UCC Article 9

A provision of the Uniform Commercial Code that governs secured transactions involving personal property, outlining the process for creating and enforcing security interests.

Writing Requirement

A legal stipulation that certain contracts or agreements must be documented in writing to be enforceable.

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