Introductory Business Law CLEP Test Study Guide
Taking a Business CLEP test is a perfect way to complete general education requirements and elective credits. Principles of Management CLEP and Principles of Marketing CLEP are two subject areas that are frequently required for all business majors. For those of you with a different major, these two CLEP tests can be a way to test out of a fairly easy to understand subject. With the Management CLEP there is very little to memorize other than concepts of how teams and groups work together. Marketing CLEP includes SWOT analyses and other communication tools. Both are more interesting than the alternatives like Biology CLEP where you learn about cells, biomes and more. The Information Systems and Computer Applications CLEP is a test that more technical support personnel could pass with their eyes closed. Most computer savvy people would need very little study. Depending on your area of expertise, any of these can help you fulfill your credits with CLEP.

CLEP: CLEP Business Study Guides: Introductory Business Law CLEP

Introductory Business Law CLEP Test Description
The Introductory Business Law CLEP test covers the information taught in a beginning level (101) college course that is one semester or 3 credit hours. This test covers a lot of vocabulary and basic concepts having to do with contracts, specifically the types of contracts, forming contracts, terminating contracts, duress, etc.

This test information is very interesting and also includes test questions on the formation on government and the legal system.

Credits: 3

# of Questions: 100

Amount of time to complete the test: 90 minutes

Rank of Difficulty: 3

Subject Areas Covered:

5-10% History of Law
5-10% American Legal Systems
25-35% Contracts
25-30% Ethics, specialized types of law
10-15% Torts
5-10% Miscellaneous legal topics

Detailed information in this guide includes:
• Origins of Law
• American Legal System and Procedures
• Constitutional Law
• Federalism
• Types of Law
• Jurisdiction
• Types of Courts
• Judges
• Juries
• Examination
• Due Process of Law
• Contracts
• The Six Elements of a Contract
• Third Party Contracts
• Obligations
• Validity of Contracts
• Voidable Contracts
• Duress
• Consideration
• Mutual Agreement
• Acceptance
• Capacity
• Legality
• Joint Obligations
• Termination of an Offer
• Mistakes of Law
• Unilateral Mistake
• Mistake as to the Identity of a Party
• Mistake as to the Possibility of Performance
• Mistake as to the Subject Matters
• Statute of Frauds
• Breach of Contract
• Cancellation and Restitution
• Scope and Meaning of Contracts
• Assignment and Delegation
• Illegal Contracts
• Discharge of Contracts
• Agency
• Employment Contracts
• Sales Contracts
• Torts
• Property Law
• Personal Property
• Product Liability
• Commercial Paper
• Consumer Protection
• Terms to Know
• Sample Test Questions

Also, download our FREE Study Guide: Study Tips for CLEP Students, to get you started.

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