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Introductory Business Law
-CLEP Test

Introductory Business Law CLEP Test Version 2

 Select your topic of choice: Number of questions:
 Business Law Part 1 70
 Business Law Part 2 36
 Business Law Part 3 39
 Business Law Part 4 59
 Business Law Part 5 43
 Business Law Part 6 52
 Scenarios and Applications Part 1 78
 Scenarios and Applications Part 2 75

The CLEP Practice Tests above contain 452 multiple-choice practice test questions with study guides (detailed explanations).

The ACE (American Council on Education) recommends 3 lower level college credits for this exam.

Studying, and passing, the practice tests above will allow you to confidently take and pass your Introductory Business Law CLEP test. The overall key concepts, and specific individual points, that will allow you to pass your test are within the practice questions and detailed explanations.


Course Information and Overview

This exam covers material that is typically taught in an introductory-level college course. The multiple-choice CLEP exam consists of 90 questions and allows 90 minutes to complete. 

In order to successfully pass this CLEP test you need to be familiar with the following:
Basic knowledge of facts and terms related to Business Law (30-35%)
Grasp of principles and concepts related to Business Law (30-35%)
Compilation and application of key concepts and knowledge to specific case problems (30%)

The Introductory Business Law CLEP exam contains questions that come from the following topics:

  • Constitutional Law and American Law, history and sources (5-10%)
  • Procedures and the legal system in the United States (5-10%)
  • Contracts (25-35%)
    Understanding terms and definitions
    Contract origination
    Consideration
    Capacity
    Obligations, joint and otherwise
    Third party contracts
    Fraud statutes
    Contractual scope and definitions
    Breach of contract, remedies and discharge
    Obligations of contracts
    Illegal contracts
  • Legal Environment (25-30%)
    Environmental law
    Corporate responsibility and social obligation
    Creditors' rights and obligations
    Product liability
    Antitrust and securities law
    Consumer protection
    Business law – International
  • Torts (10-15%)
  • Other (5-10%)
    Corporations and partnerships
    • Sales

Complete information and a fact sheet (PDF Format) of what is covered is available from The College Board.