SIE

Which of the following statements are TRUE regarding Joint Tenant with Rights of Survivorship Accounts? I. Any correspondence may be mailed to either party. II. Either party may place orders. III. The checks must be drawn to all parties of the account. IV. If one party dies, ownership passes to the survivor. [A] I and II [B] III and IV [C] I, II and IV [D] I, II, III and IV (Ans- D EXPLANATION All are true. Note, however, that when funds are withdrawn from the acc...