If Spouses Open a Bank Account with Right of Survivorship

question 44

Multiple Choice

If spouses open a bank account with right of survivorship and one spouse dies,the funds in the account:

• A)are immediately frozen until the will is probated.
• B)pass in total and immediately to the remaining spouse.
• C)pass immediately in a proportionate share to the surviving spouse.
• D)automatically assume the status "tenants in common."

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Definitions:

Equilibrium Reaction

A chemical reaction in which the forward and reverse reactions occur at the same rate, so that the concentrations of the reactants and products do not change with time.

Equilibrium Constant

A numerical value that expresses the ratio of the concentrations of products and reactants of a chemical reaction at equilibrium.

HA

Often shorthand for hydroxyapatite, a mineral form of calcium apatite; can also refer to hyaluronic acid or other context-specific chemical compounds.

Equilibrium

A state in which opposing forces or influences are balanced, often used in chemistry to describe reactions where reactants and products are formed at the same rate.