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CLEP Introductory Business Law: Study Guide & Test Prep Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1. What gave congress the right to regulate interstate commerce?

Question 2 2. An agent commits an offense under tort law while acting within the scope of his duties as an employee of the principal. How would a court likely rule on liability for the offense?

Question 3 3. Jane initiates a lawsuit by filing and serving Maxine with a summons and complaint. Maxine responds with a written answer. Which of these actions is a pleading?

Question 4 4. Which of the following is an example of a defendant using the affirmative defense of coercion?

Question 5 5. Drew, a 17 year old college student saw an advertisement for a luxury automobile. He fantasized about it and went to a dealership and made his dreams come true when he purchased one on credit. Drew lost his part time job three months later and stopped making payments. When the dealership sues Drew, how would the court probably rule?

Question 6 6. Jones owes Jackson $500 but the statute of limitations bars collection of the debt. Later Jones comes into some money and mails Jackson a note promising to repay the debt. Will a majority of courts court rule the note enforceable?

Question 7 7. The Smith family posted flyers all over town offering a $200 reward for the return of a lost pet. Dak a 12 year old boy found the pet wandering around a few days later and returned it to the Smiths since he knew it was theirs. He saw one of the flyers on his way back home and went back to the Smiths the next day for the reward. Are the Smiths legally obligated to pay Dak?

Question 8 8. Joe is late for an appointment and carelessly pushes hard on a revolving door causing injury to an elderly gentleman going the other way. Under what grounds will the elderly gentleman bring suit?

Question 9 9. A small business in Oregon brings suit against a corporation in California alleging $50,000 of damages for breach of contract. Which court will have jurisdiction?

Question 10 10. Which of the following would be a breach of the implied warranty for fitness for a particular purpose?

Question 11 11. Which of the following is prohibited under the Fair Debt Collection Practices Act?

Question 12 12. Which of the following would be considered a quasi-contract?

Question 13 13. When witnesses are examined, who is allowed to ask questions?

Question 14 14. A corporation is taxed on its profits, and the owners are taxed on the income they receive from the corporation. What does this refer to?

Question 15 15. Maggie hires Monty to be her real estate agent. Monty goes to several open houses and makes a bid on one house. Monty tells the homeowner that he is a real estate agent and that the bid is on behalf of a client, but never mentions that he is working on behalf of Maggie. What is this an example of?

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CLEP Introductory Business Law: Study Guide & Test Prep Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

CLEP Introductory Business Law: Study Guide & Test Prep  /  CLEP Courses
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