CLEP* Study Guide
Introductory Business Law
The only study guide that teaches you what you need to know to pass the Introductory Business Law exam (with no prior knowledge needed), and is constantly updated based on student feedback to guarantee you the best possible results.
About the CLEP* Exam
The Introductory Business Law CLEP exam is designed to test the student's knowledge of concepts taught in a typical one-semester undergraduate college course in introductory business law. InstantCert's flashcards for this subject are broken down into a main set of questions which teach you the terminology and concepts and another set of questions consisting entirely of scenario-based problems where you learn how the concepts apply to realistic situations. This means that you will be well prepared for the actual exam, which expects you not only to know the basic facts and principles of business law, but also to be able to apply that knowledge to specific case problems.
Topics Covered in this Course
American Legal Systems and Procedures
Contracts
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
Discharge of contracts
Illegal contracts
Legal Environment
Ethics
Social responsibility of corporations
Government regulation/ administrative agencies
Environmental law
Securities and antitrust law
Employment law
Creditors' rights
International business law
Torts
Customer Test Results for this Exam
531 users submitted test results since January, 2006.
484 of those users reported a passing score (91%).
Below are ten of the most recent user-submitted test results. These are unfiltered, real results that were submitted by InstantCert students:
| Date of Exam | Result | Score |
| Sep 26, 2024 | passed | 55 |
| Aug 10, 2024 | passed | 52 |
| Jun 5, 2024 | passed | 68 |
| Apr 17, 2024 | passed | 54 |
| Dec 20, 2023 | passed | 63 |
| Jun 13, 2023 | passed | 57 |
| May 23, 2023 | passed | 50 |
| Apr 14, 2023 | passed | 56 |
| Mar 10, 2023 | passed | 65 |
| Feb 21, 2023 | failed | 38 |
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