/Introductory Business Law
Introductory Business Law 2018-02-06T01:50:09+00:00

Overview

The Introductory Business Law CLEP exam covers material that is usually taught in an introductory one-semester college course in the subject. The examination places not only major emphasis on understanding the functions of contracts in American business law, but it also includes questions on the history and sources of American law, legal systems and procedures, agency and employment, sales, and other topics.

The examination contains approximately 100 questions to be answered in 90 minutes.

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Knowledge and Skills Required

Questions on the test require candidates to demonstrate one or more of the following abilities in the approximate proportions indicated.

  • Knowledge of the basic facts and terms (about 30%–35% of the examination)
  • Understanding of concepts and principles (about 30%–35% of the examination)
  • Ability to apply knowledge to specific case problems (about 30% of the examination)

Exam Breakdown

The subject matter of the Introductory Business Law examination is drawn from the following topics. The percentages next to the main topics indicate the approximate percentages of exam questions on those topics.

History and Sources of American Law/Constitutional Law (5%–10%)

American Legal Systems and Procedures (5%–10%)

Contracts (30%–40%)

  • Meanings of terms
  • Formation of contracts
  • Capacity
  • Consideration
  • Joint obligations
  • Contracts for the benefit of third parties
  • Assignment/delegation
  • Statute of frauds
  • Scopes and meanings of contracts
  • Breach of contract and remedies
  • Bar to remedies for breach of contract
  • Discharge of contracts
  • Illegal contracts
  • Other

Legal Environment (20%–25%)

  • Ethics
  • Social responsibility of corporations
  • Government regulation/administrative agencies
  • Antitrust law
  • Employment law
  • Product liability
  • Consumer protection
  • International business law

Torts (10%–15%)

Miscellaneous (5%–10%)

  • Agency, partnerships, and corporations
  • Sales
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User Test Results for the Introductory Business Law CLEP Exam

288 users have submitted their test results to us since March 2016

265 (92.3%) of those users have reported an ACE recommended passing score

The table below represents our users most recent test results for the Introductory Business Law CLEP exam after using Credits4Less.

Note: The date shown below represents the date that they reported their score to us.

DateResultScore
Feb 21, 2018Pass71
Feb 13, 2018Pass58
Feb 5, 2018Pass61
Feb 3, 2018Pass77
Jan 31, 2018Pass68

Our Study Guide

Credits4Less’ Introductory Business Law study guide will leave you fully prepared to pass your Introductory Business Law CLEP exam. Our study guide is broken down to match the exact make up of the actual CLEP exam with each unit containing a set of cheat sheet notes and dozens of practice questions.

1. Study guides that match the actual exam’s breakdown

2. Units that contain cheat sheet notes and practice questions

3. Hundreds of practice questions

4. Review your answers and learn from your mistakes

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