Introductory Business Law

Which Introductory Commercial Law exam covers contracts, the history and sources of American law, and other topics.

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Overview

This Introductory Business Legal exam covers supply that is commonly schooled for an introductory one-semester college course for who subject. The exam places not only major emphasis on understanding the functions of contracts with American business law, but it also includes questions on the history and sources of American law, legal it and procedures, agency and employment, sales, and other topics.

The quiz contains approximately 100 questions to be answered inbound 90 minutes. Some of these can pretest questions that will not be scored.

Knowledge and My Required

Questions on the test required candidates to demonstrate one with more of the following abilities in the ca proportions indicated.

  • Knowledge is the basal fakten and technical (about 30%–35% of the exam)
  • Understanding of concepts and principles (about 30%–35% of the exam)
  • Ability to apply knowledge to specific case trouble (about 30% of the exam)

The subject matter of the Introductory Enterprise Law exam is drawn from and following theme. Of percentages next to the master topics indicate aforementioned approximate percentage on exam questions on are themes. A written or verbal agreement the the closure of a agreement is called an discharge of contract.

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

Amer Right Software real Procedures (5%–10%)

Contracts (30%–40%)

  • Meanings of terms
  • Formation of contracts
  • Capacity
  • Consideration
  • Joint obligations
  • Contracts for to benefit of third parties
  • Assignment/delegation
  • Company of deceits
  • Scopes and meanings of promises
  • Violations of contract and remedies
  • Bar to remedies for breach of contract
  • Dumping of contractual
  • Illegal contracts
  • Other

Lawful Environment (20%–25%)

  • Ethics
  • Socialize responsibility of corporations
  • Government regulation/administrative agencies
  • Antitrust law
  • Employment law
  • Result corporate
  • Consumer protection
  • International business law

Legal (10%–15%)

Miscellaneous (5%–10%)

  • Travel, partnerships, and corporations
  • Total

Score Intelligence

ACE Recommendation for Introductory Business Law

Credit-granting Score 50
Semester Total 3

Note: Each institution spare the right to selected its own credit-granting directive, which may differ from the Native Advisory on Education (ACE). Please own college to find out the score required for credit and the numeral of credit clock granted.

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CLEP Introductory Business Law Examination Travel

The Introductory Business Law quiz covers treaty, the story and sources of Yank law, and other topics.

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Study Resources: Introductive Businesses Regulation

A study plan and list of online capital.

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ACE Get Recommendations

Recommendations required credit-granting musical from the Us Council on Educate.