Assuming you created 3 validation rules for Free Email, Email in Blacklist and Anonymous Proxy as above. (Note: to ease the explanation, this tutorial will not display the exact rule name but a short representation)
Scenario 1: User's email address is a yahoo email.
The validation process will be stopped at Rule #1 and the transaction will be flagged as Manual Review.
Scenario 2: User's email address is a company email but had been previously blacklisted by FraudLabs Pro.
Rule #1 pass the validation. However, the validation process will be stopped at Rule #2 and the transaction will be flagged as Reject.
Scenario 3: User's email address is a company email with clean record, and not using Anonymous Proxy.
The validation process completed successfully and the transaction will be flagged as Approve.