Question

In a “Former or Survivor” joint deposit:

• A. Both holders operate jointly while alive; survivor gets balance on first holder’s death
• B. Only the first holder operates while alive; survivor gets balance on first holder’s death
• C. Only the first holder operates while alive; balance goes to estate on first holder’s death
• D. Both holders operate jointly while alive; balance goes to estate on first holder’s death

Answer 1

Answer:

B. Only the first holder operates while alive; survivor gets balance on first holder’s death

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