CLEP Introductory Business Law

CLEP Introductory Business Law

by Lisa M. Fairfax
CLEP Introductory Business Law

CLEP Introductory Business Law

by Lisa M. Fairfax

eBook

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Overview

CLEP - An easier path to a college degree. Get college credits without the classes. CLEP INTRODUCTORY BUSINESS LAW Based on today’s official CLEP exam Are you prepared to excel on the CLEP? * Take the first practice test to discover what you know and what you should know * Set up a flexible study schedule by following our easy timeline * Use REA's advice to ready yourself for proper study and success Study what you need to know to pass the exam * The book's on-target subject review features coverage of all topics on the official CLEP exam, including History of American Law; Legal Systems and Procedures; Contracts; Legal Environment; Torts; Agency; Partnerships, and more. * Smart and friendly lessons reinforce necessary skills * Key tutorials enhance specific abilities needed on the test * Targeted drills increase comprehension and help organize study Take Practice Tests * Create the closest experience to test-day conditions with 2 full-length practice tests * Chart your progress with full and detailed explanations of all answers * Boost your confidence with test-taking strategies and experienced advice REA is the acknowledged leader in CLEP preparation, with the most extensive library of CLEP titles and software available. Most titles are also offered with REA's exclusive TestWare software to make your practice more effective and more like exam day. REA's CLEP Prep guides will help you get valuable credits, save on tuition, and advance your chosen career by earning a college degree.

Product Details

ISBN-13: 9780738666549
Publisher: Research & Education Association
Publication date: 01/01/2013
Sold by: Barnes & Noble
Format: eBook
Pages: 288
File size: 2 MB

Read an Excerpt

ABOUT THIS BOOK AND TESTware®

This book provides you with complete preparation for the CLEP Introductory Business Law exam. Inside you will find a targeted review of the subject matter, as well as tips and strategies for test taking. We also give you two practice tests, all based on the official CLEP Introductory Business Law exam. Our practice tests contain every type of question that you can expect to encounter on the actual exam. Following each practice test you  ill find an answer key with detailed explanations designed to help you more completely understand the test material.

 

The practice exams in this book and software package are included in two formats: in printed format in this book, and in TESTware® format on the enclosed CD for Windows-based computers. We strongly recommend that you begin your preparation with the TESTware® practice exams. The software provides the added benefits of instant scoring and enforced time conditions.

 

ABOUT THE EXAM

Who takes CLEP exams and what are they used for?

CLEP (College-Level Examination Program) examinations are typically taken by people who have acquired knowledge outside the classroom and wish to bypass certain college courses and earn college credit. The CLEP is designed to reward students for learning—no matter where or how that knowledge was acquired. The CLEP is the most widely accepted credit-by-examination program in the country, with more than 2,900 colleges and universities granting credit for satisfactory scores on CLEP exams.

 

Chapter 1

PASSING THE CLEP INTRODUCTORY BUSINESS LAW EXAM

 

Althoughmost CLEP examinees are adults returning to college, many graduating high school seniors, enrolled college students, military personnel, and international students also take the exams to earn college credit or to demonstrate their ability to perform at the college level. There are no prerequisites, such as age or educational status, for taking CLEP examinations. However, because policies on granting credits vary among colleges, you should contact the particular institution from which you wish to receive CLEP credit.

There are two categories of CLEP examinations:

1. CLEP General Examinations, which are five separate tests that

cover material usually taken as requirements during the first two years of

college. CLEP General Examinations are available for English Composition

(with or without essay), Humanities, Mathematics, Natural Sciences, and

Social Sciences and History.

2. CLEP Subject Examinations include material usually covered in

an undergraduate course with a similar title. For a complete list of the subject

examinations offered, visit the College Board website.

 

Who administers the exam?

The CLEP tests are developed by the College Board, administered by Educational Testing Service (ETS), and involve the assistance of educators throughout the United States. The test development process is designed and implemented to ensure that the content and difficulty level of the test are appropriate.

 

When and where is the exam given?

The CLEP Introductory Business Law exam is administered each month throughout the year at more than 1,300 test centers in the United States and can be arranged for candidates abroad on request. To find the test center nearest you and to register for the exam, you should obtain a copy of the free booklets CLEP Colleges and CLEP Information for Candidates and Registration Form. They are available at most colleges where CLEP credit is granted, or by contacting:

 

CLEP Services

P.O. Box 6600

Princeton, NJ 08541-6600

Phone: (800) 257-9558 (8 a.m. to 6 p.m. ET)

Fax: (609) 771-7088

Website: www.collegeboard.com/clep

 

CLEP Options for Military Personnel and Veterans

CLEP exams are available free of charge to eligible military personnel and eligible civilian employees. All the CLEP exams are available at test centers on college campuses and military bases. In addition, the College Board has developed a paper-based version of 14 high-volume/high-pass-rate CLEP tests for DANTES Test Centers. Contact the Educational Services Officer or Navy College Education Specialist for more information. Visit the College Board website for details about CLEP opportunities for military

personnel.

 

Eligible U.S. veterans can claim reimbursement for CLEP exams and administration fees pursuant to provisions of the Veterans Benefits Improvement Act of 2004. For details on eligibility and submitting a claim for reimbursement, visit the U.S. Department of Veterans Affairs website at www.gibill.va.gov/pamphlets/testing.htm.

 

SSD Accommodations for Students with Disabilities

Many students qualify for extra time to take the CLEP Introductory Business Law exam, but you must make these arrangements in advance. For information, contact:

 

College Board Services for Students with Disabilities

P.O. Box 6226

Princeton, NJ 08541-6226

Phone: (609) 771-7137 (Monday through Friday, 8 a.m. to 6 p.m. ET)

TTY: (609) 882-4118

Fax: (609) 771-7944

E-mail: ssd@info.collegeboard.org

 

Our TESTware® can be adapted to accommodate your time extension. This allows you to practice under the same extended-time accommodations that you will receive on the actual test day. To customize your TESTware® to suit the most common extensions, visit our website at www.rea.com/ssd.

 

HOW TO USE THIS BOOK

What do I study first?

Read over the course review and the suggestions for test-taking, take the first practice test to determine your area(s) of weakness, and then go back and focus your study on those specific problems. Studying the reviews thoroughly will reinforce the basic skills you will need to do well on the exam. Make sure to take the practice tests to become familiar with the format and procedures involved with taking the actual exam.

 

To best utilize your study time, follow our

Table of Contents

CONTENTS

Independent Study Schedule 

Chapter 1 Passing the CLEP Introductory

Business Law Exam 

About This Book and TESTware®

About the Exam

How to Use This Book

Format and Content of the Exam

About Our Course Review

Scoring Your Practice Tests

Studying for the CLEP

Test-Taking Tips

The Day of the Exam

 

Chapter 2 History and Sources of American Law

 Origins of the Legal System

 Sources of Law

 Constitutional Law

Chapter 3 American Legal Systems and Procedures

 Criminal Law and Civil Law

 The Court System

 Court Functions and Procedures

 Jurisdiction

 

Chapter 4 Contracts

 Meanings of Terms

 Formation of Contracts

 Consideration

 Capacity

 Contracts for the Benefi t of Third Parties

 Assignment and 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 and Public Policy Concerns

 

Chapter 5 The Legal Environment

 Ethics

 Social Responsibility of Corporations

 Government Regulation and Administrative Agencies

 Environmental Law

 Securities and Antitrust Law

 Employment and Labor Law

 Creditors’ Rights

 Product Liability

 Consumer Protection

 International Business Law

 

Chapter 6 Torts 

 Meanings of Terms

 Intentional Torts

 Negligence

 Strict Liability

 Harms to Reputation or Economic Interests

 Vicarious Liability

 

Chapter 7 Agency, Partnerships and Corporations 

 Agency

 Partnerships

 Corporations

 

Chapter 8 Sales 

 Meanings of Terms

 Formation of UCC Contracts

 Warranties

 Remedies

Contents

 

Practice Test   1

Answer Key

Detailed Explanations of Answers

Practice Test   2

Answer Key

Detailed Explanations of Answers

Answer Sheets 

Index 

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