Course Course Summary Section 1 Content Section 1 Content Left Section 1 Content Right Credit Type: Exam ACE ID: CLEP-0025 Organization's ID: CLEP-0025 Organization: College Board's College-Level Examination Program (CLEP) Location: Certified CLEP test centers throughout the U.S. Length: Approximately 1.5 hours Dates Offered: 1/1/2024 - 12/31/2029 12/1/2018 - 12/31/2023 5/1/2002 - 11/30/2018 1/1/1978 - 4/30/2002 Credit Recommendation & Competencies Section 2 Content Section 2 Content Left Section 2 Content Right Level Credits (SH) Subject Lower-Division Baccalaureate 3 Business Law Credit is recommended for candidates scoring 50 and above Description Section 3 Content Section 3 Content Left Section 3 Content Right Objective: The Introductory Business Law examination 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, torts, and other topics. The examination contains approximately 100 questions to be answered in 90 minutes. Skills Measured: Questions on the test require candidates to demonstrate one or more of the following abilities.• Knowledge of the basic facts and terms • Understanding of concepts and principles• Ability to apply knowledge to specific case problemsThe 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• OtherLEGAL ENVIRONMENT (20%–25%)• Ethics• Social responsibility of corporations• Government regulation/administrative agencies• Antitrust law• Employment law• Product liability• Consumer protection• International business lawTORTS (10%–15%)MISCELLANEOUS (5%–10%)• Agency, partnerships, and corporations• Sales Instruction & Assessment Section 4 Content Section 4 Content Left Section 4 Content Right Supplemental Materials Section 5 Content Section 5 Content Left Section 5 Content Right Section 6 Content Section 6 Content Left Section 6 Content Right Button Content Rail Content 1 Other offerings from College Board's College-Level Examination Program (CLEP) American Government (CLEP-0007) American Literature (CLEP-0010) Analyzing and Interpreting Literature (CLEP-0011) Biology (CLEP-0018) Calculus (CLEP-0038) Chemistry (CLEP-0019) College Algebra (CLEP-0013) College Composition (CLEP-0040) College Composition Modular (CLEP-0041) College Mathematics (CLEP-0004) View All Courses Page Content