About This Chapter
CLEP Introductory Business Law Flashcards - Summary
This collection of interactive flashcard sets helps you study for the CLEP Introductory Business Law exam. Use any computer or mobile device to access these flashcards and memorize the fundamentals of American business law and basic legal terminology. We've aligned these flashcards with the following CLEP Introductory Business Law concepts:
- U.S. law history
- American law sources
- Legal systems in the U.S.
- Contract law, parties, roles, scopes, meanings and breaches
- Legal environments
- Antitrust law and securities
- Property law
- The rights of creditors
- Product liability and consumer protections
- Sales and torts
How They Work
These business law flashcards allow you to repeat difficult terms until you've committed them to memory. Follow the process below to make the most out of your studying experience.
- Open a flashcard set for the CLEP Introductory Business Law topic you're studying.
- Identify the legal term or concept on the flashcard.
- Click the button to flip the card and view the answer.
- Select whether you got it right or missed it to keep track of your progress.
- Click the Next arrow to proceed through the flashcard set.
- Review the cards you missed or shuffle all cards back in and go through them again.
History of U.S. Law Flashcards
Review the basis of U.S. law with these flashcards. You can go over the principles that guided English common law and how it was adapted in the U.S. Additionally, you'll be able to consider business law and the principle of stare decisis.
Sources of American Law Flashcards
Working on these flashcards can help you review the different branches of government in the U.S. You can also go over the Bill of Rights and important constitutional clauses.
U.S. Legal Systems Flashcards
You can use these flashcards to go over the court system used in the United States. You can also look at different aspects of civil and criminal law as well as private and public law.
Basics of Contract Law Flashcards
This flashcard set dives into contract law. Review contract types and important definitions, as well as understand the roles of different parties when it comes to acceptance, mutual assent, and discharge.
Contract Parties & Roles Flashcards
Review aspects of contract law with this flashcard set. You will learn more about legal capacity and third-party beneficiaries, including breach of contract. Delegation and assignment are also covered, which will detail the roles of each party.
Contract Scopes & Meanings Flashcards
Contracts are just verbal or written agreements between two parties, but they can be confusing. This flashcard set will help you understand how contracts work and what makes a contract legally binding.
Breach of Contract Flashcards
This flashcard set highlights the statute of frauds and contract enforcement. Learn their purposes and how they apply to the categories under the statute of frauds. Find out the way a contract can be breached and the remedies available when it is.
Legal Environment Flashcards
This set of flashcards can help you go over ethical law practices as well as natural and legal rights. You can focus on types of corporate liability and ethical decision-making models.
Securities & Antitrust Law Flashcards
This set of flashcards can help you review the history of antitrust legislation in the United States. You can go over the agreements these laws regulate as well as different kinds of securities.
Property Law Flashcards
You can work on these flashcards to review different kinds of estates and property. Additionally, you'll be able to go over information about copyrights, intellectual property, patents and trademarks.
Creditors' Rights Flashcards
Go over different forms of bankruptcy and the rights of creditors when lending money. You can use these flashcards to review types of creditors, kinds of debt and what occurs when individuals default on their loans.
Product Liability & Consumer Protection Flashcards
Work with these flashcards to go over the U.S. laws designed to protect credit and privacy. You can also review different theories of product liability and types of warranties.
Torts & Sales Flashcards
You can check out the flashcards in this set to review different types of torts. You'll also find cards that cover the Uniform Commercial Code and various kinds of sales contracts.
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Other chapters within the CLEP Introductory Business Law: Study Guide & Test Prep course
- History of American Law
- Sources of Law
- Constitutional Law
- American Legal Systems
- Legal Procedures
- Contract Law Basics
- Capacity in Contract Law
- Contract Law and Third Party Beneficiaries
- Contracts: Assignment and Delegation
- Contracts: Statute of Frauds
- Contracts: Scopes and Meanings
- Contracts: Breach of Contract
- Contracts: Discharge of Contracts
- The Legal Environment
- Securities and Antitrust Law
- Property Law
- Creditors' Rights
- International Business Law
- Product Liability and Consumer Protection
- Types of Business Organizations
- Torts in Business Law
- Defamation, Libel & Slander
- The Role of Agency in Business Law
- Sales & the Law
- Additional CLEP Introductory Business Law Flashcards