Examlex
Which of the following statements is FALSE?
Transfer and Distribution
The process of moving goods from one location to another and allocating them among parties or points of sale.
Antilapse Clause
A provision in a will or estate plan that specifies what happens to a gift if the beneficiary predeceases the donor, often allowing the gift to pass to the beneficiary's heirs.
Incontestability Clause
A part of an insurance contract that precludes an insurance company from challenging statements in an insurance application after a certain period of time.
State Mandated
Requirements or actions imposed by state governments that must be complied with by individuals or entities within that state.
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