Examlex
Independent intermediaries that represent two or more sellers and usually offer customers complete product lines in a restricted territory are called
Assignable
Capable of being transferred or made over to the legal control of another party, commonly referring to rights or property under contract.
Donee Beneficiary
A third party who stands to benefit from the execution of a contract, although not a direct party to the agreement.
Life Insurance
A contract between an insurer and a policyholder in which the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of the insured person.
Public Interest
Public Interest refers to the welfare or well-being of the general public and society at large.
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