- Course type: Self-paced
- Available Lessons: 127
- Average Lesson Length: 8 min
Eligible for Credit: Yes
Earn transferable credit by taking this course for credit.
Watch a preview:chapter 1 / lesson 1The First Amendment: Commercial Speech, Scrutiny & Restrictions
Course SummaryBusiness 103: Introductory Business Law has been evaluated and recommended for 3 semester hours and may be transferred to over 2,000 colleges and universities. The course contains bite-sized lessons, interactive quizzes and expert instruction. Take the course to save time and money on your degree program.
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Course Practice TestCheck your knowledge of this course with a 50-question practice test.
- Comprehensive test covering all topics
- Detailed video explanations for wrong answers
The course objective is to explore the history of constitutional law and learn about employment and international business law.
Your grade for this course will be calculated out of 300 points. The minimum score required to pass and earn real college credit for this course is 210 points, or an overall course grade of 70%. The table below shows the assignments you must complete and how they'll be incorporated into the overall grade.
|Proctored Final Exam||200|
Quizzes are meant to test your comprehension of each lesson as you progress through the course. Here's a breakdown of how you will be graded on quizzes and how they'll factor into your final score:
- You will have 3 attempts to take each quiz for a score.
- The highest score of your first 3 attempts will be recorded as your score for each quiz.
- When you've completed the course, the highest scores from your first 3 attempts at each quiz will be averaged together and weighed against the total possible points for quizzes. For instance, if your average quiz score is 85%, you'll receive 85 out of 100 possible points for quizzes.
- After your initial 3 attempts, you can take a quiz for practice as many times as you'd like.
- You will need to pass each quiz with a score of at least 80% to earn course progress for the lesson. However, it is not necessary to earn 80% within the first three quiz attempts.
Proctored Final Exam
The proctored final exam is a cumulative test designed to ensure that you've mastered the material in the course.
- You'll earn points equivalent to the percentage grade you receive on your proctored final. (So if you earn 90% on the final, that's 180 points toward your final grade.)
- If you're unsatisfied with your score on the exam, you'll be eligible to retake the exam after a 3-day waiting period.
- You can only retake the exam twice, so be sure to use your study guide and fully prepare yourself before you take the exam again.
Items Allowed on Study.com Proctored Exam for Business 103:
- Blank scratch paper
- Pen or pencil
Items NOT Allowed on Study.com Proctored Exam for Business 103:
- Office programs, web browsers, or any programs other than Software Secure (including Study.com lessons)
- Textbooks (digital or physical)
- Mobile phones, headphones, speakers, TVs, or radios
- Notebooks or notes
- Any calculators
Upon completion of this course, you will be able to:
- Investigate how American law began, the Constitution, Bill of Rights, and the branches of government
- Compare and contrast the legal systems in the U.S., court functions, civil vs. criminal law, substantive law vs. procedural law and what happens when a lawsuit begins
- Outline the basics and capacity of contracts including termination, types, contracts and issues with minors, third-part beneficiaries, and assignment and delegation of rights and duties.
- Examine the Statute of Frauds
- Explain certainty of terms, rules of interpretation and construction, implied terms, the parol evidence rule, conditions and excused conditions
- Paraphrase types of breaches, anticipatory repudiation, remedies for breaches of contracts, defenses to enforcement of a contract, how a contract can be discharged and concepts related to torts
- Examine topics that include legal ethics, securities and antitrust law, trademarks, patents, copyrights and trade secrets
- Differentiate the rights of creditors, product liability, consumer and credit protection, privacy protection, and unfair competition
- Hypothesize how to create the agency relationship and liability of the principal and liability of the agent
- Analyze how to create a partnership and corporation, the Uniform Commercial code, tax structure, and liability of corporations
There are no prerequisites for this course.
Business 103 consists of short video lessons that are organized into topical chapters. Each video is approximately 5-10 minutes in length and comes with a quick quiz to help you measure your learning. The course is completely self-paced. Watch lessons on your schedule whenever and wherever you want.
At the end of each chapter, you can complete a chapter test to see if you're ready to move on or have some material to review. Once you've completed the entire course, take the practice test and use the study tools in the course to prepare for the proctored final exam. You may take the proctored final exam whenever you are ready.
How Credit Recommendations Work
This course has been evaluated and recommended by both ACE and NCCRS for 3 semester hours in the lower division baccalaureate degree category. To apply for transfer credit, follow these steps:
- If you already have a school in mind, check with the registrar to see if the school will grant credit for courses recommended by either ACE or NCCRS.
- Complete Business 103 by watching video lessons and taking short quizzes.
- Take the Business 103 final exam directly on the Study.com site.
- Request a transcript to be sent to the accredited school of your choice!
- Check out this page for more information on Study.com's credit-recommended courses.
|History of American Law||Discover the origins of American law, explain the purpose of businesss law, and define precedent and stare decisis.|
|Constitutional Law||Explore the highest law in the land. Take a deeper look at the 1st, 4th, 5th, 9th and 14th amendments as well as important constitutional clauses.|
|Sources of Law||Survey the differences between civil law, criminal law, private law, public law, substantive law and procedural law. Learn about local, federal and state ordinances, and the rule of law.|
|American Legal Systems||Examine the structure and jurisdiction of government and the federal and state court systems.|
|Legal Procedures||See what happens during a lawsuit, including pretrial pleadings, defendant's motions, jury selection and the appeals process.|
|Contract Law Basics||Study the basics of contract terms. Learn about parties to a contract, contract termination and types of contracts.|
|Capacity in Contract Law||Discover legal capacity as it relates to contracts with minors, intoxicated persons and the mentally ill.|
|Contract Law and Third Party Beneficiaries||Take a look at the rights of third party beneficiaries, promisors and promisees.|
|Contracts: Assignment and Delegation||Explore the parties involved in contract assignment. Learn more about the rights of individuals entering a contract, and find out how duties under a contract are delegated.|
|Contracts: Statute of Frauds||Learn more about contracts that fall within the statute of frauds. Explore exceptions to this statute.|
|Contracts: Scopes and Meanings||Study certainty of terms, rules of interpretation and construction, implied terms, the parol evidence rule and contract conditions.|
|Contracts: Breach of Contract||Study the types of contract breach alongside remedies for breach of contract and defenses to contract enforcement.|
|Property Law||Examine intellectual property topics including trademark and patent infringement, copyright law and trade secrets. Study topics related to real property laws.|
|Torts in Business Law||Examine concepts relating to torts, including transferred intent for assault and battery, negligence and intentional infliction of emotional distress. Examine the types of defenses mounted against torts litigation.|
|Product Liability and Consumer Protection||Define product liability and consumer protection. Learn about defective product liability in addition to credit protection, privacy protection and unfair competition laws.|
|Contracts: Discharge of Contracts||Explore methods for discharging contracts, such as mutual agreement, recission and novation. Study examples of contractual and statutory illegality in contracts.|
|Creditors' Rights||Explore the collection rights of creditors.|
|The Role of Agency in Business Law||Survey the different types of agency. Review the duties and contractual liabilities of agents and principles.|
|The Legal Environment||Analyze legal ethics, attorney professional ethics, and take a look at white collar crime.|
|Sales & the Law||Take a look at the Uniform Commercial Code. Learn about the formation of UCC contracts, buyer acceptance and rejection, seller's right to cure, warranties and buyer's remedies.|
|Securities and Antitrust Law||Discover concepts related to this area of law, such as the regulation process and exempt securities and transactions.|
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What to Expect For the Exam
This Study.com course has been evaluated and recommended for college credit. Once you've completed this course, you can take the proctored final exam and potentially earn credit. Follow the steps below to take the exam.
Before taking the exam, all of the following requirements must be met:
|A College Accelerator Study.com membership.|
|Completed the entire Business 103: Introductory Business Law course and achieved 100% Course Progress.|
|Not attempted to take this exam within the last three days.|
|Have available proctored exams in this month of membership.|
|Complete the exam readiness quiz.|
Please complete all of the pre-requirements in the Pre-Exam Checklist in order to take the exam.
Exam Process Details
1. Register For Exam
Registering for the exam is simple. First, be sure you meet the system requirements. Next, you'll need to agree to the academic integrity policy. Then just confirm your name and the exam name, and you're ready to go!
2. Download Software Secure
You'll receive an unique access code. Please write this down — you'll need it to take the exam. Then download Software Secure and follow the installation instructions.
3. Take Exam
The exam contains 50 - 100 multiple choice questions. You will have two hours to complete the exam, so don't start until you're sure you can complete the entire thing. And remember to pace yourself!
4. Get Exam Results
We will send you an email with your official exam results within 1 to 2 weeks.
Earning College Credit
Did you know… We have over 160 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
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