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In a “Latter or Survivor” mandate:

ABoth holders can operate simultaneously, with no survivorship clause.

BThe first holder operates while the second is alive; second holder operates only after the first’s death.

CEither holder can operate individually while both are alive; the surviving holder operates after the other’s death.

DOnly the second holder can operate while alive; first holder operates only after second’s death

Answer:

D. Only the second holder can operate while alive; first holder operates only after second’s death

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