04-02-2008, 12:41 PM
Greetings all,
I sat for the CLEP Introductory Business Law exam yesterday, April 1, 2008 and am happy to report I passed with a scaled score of 62 with 50 being the minimum passing score. This exam is pretty straight forward with very few surprises.
I used the Instacert flashcards and supplemented my study time with the REA book as well. I would say that Instacert is all you really need, but when ever there is an REA book available I use it.
A large portion of the exam is being familiar with legal definitions but do not neglect the scenarios' section. They are a bit wordy and quite dry, but you will get a few questions related to these sections so you will have to study these as well. The good news is there were no questions regarding the scenario section that covered checking accounts, bearer, and payee instruments ect. ect.
This was by far the hardest section for me to grasp and the fact that there were so many example questions really had me worried that this was going to be the majority of the exam. I don't know if there is another exam that covers this section, but the only caveat I can add is read all of the answers so you will understand exactly what they are saying. This isn't always clear on the first reading, at least to me it wasn't. The contracts sections are covered extensively so spend a little extra time on that section.
Some things to know:
Know the definition of forbearance
Know the definition of assignee
Know the definition of contract
Know the definition of quasi contract
Know the definition of consideration
Know the definition of express
Know the definition of implied
Know the definition of unilateral
Know the definition of bilateral
Know what the 5th amendment covers
Know what the 14th amendment covers
Know the definition of capacity
Know the definition quid pro quo
Know the definition of executory contract
Know the definition of Promissory Estoppel
Know what FMLA Act is.
Know what the EEOC does.
Know what the Sherman Act covers
Know what the Clayton Act covers
Know what insider trading is and is not
This should give you an idea of what to expect, but as always you really need to know at least 90% of the Instacert material to be confident during this exam. I was certain I had passed in the high 60's or low 70's, so I was surprised that I only scored a 62. No complaints though, I'm just happy to be done with this exam. Up next, Statistics. I would greatly appreciate any advice regarding this exam, as math is my worst subject.
Thanks in advance and good luck to all, Jay
CLEPS
American Government 62
U.S. History I 58
U.S. History II 64
Intro Psychology 56
Humanities 51
Info Systems & Com App 60
Intro Sociology 73
Principles of Marketing 69
Principles of Management 71
Intro. Educational Psychology 58
Human Growth & Development 62
Introductory Business Law 62
DANTES
World Religions 68
Hereâs to Your Health 60
I sat for the CLEP Introductory Business Law exam yesterday, April 1, 2008 and am happy to report I passed with a scaled score of 62 with 50 being the minimum passing score. This exam is pretty straight forward with very few surprises.
I used the Instacert flashcards and supplemented my study time with the REA book as well. I would say that Instacert is all you really need, but when ever there is an REA book available I use it.
A large portion of the exam is being familiar with legal definitions but do not neglect the scenarios' section. They are a bit wordy and quite dry, but you will get a few questions related to these sections so you will have to study these as well. The good news is there were no questions regarding the scenario section that covered checking accounts, bearer, and payee instruments ect. ect.
This was by far the hardest section for me to grasp and the fact that there were so many example questions really had me worried that this was going to be the majority of the exam. I don't know if there is another exam that covers this section, but the only caveat I can add is read all of the answers so you will understand exactly what they are saying. This isn't always clear on the first reading, at least to me it wasn't. The contracts sections are covered extensively so spend a little extra time on that section.
Some things to know:
Know the definition of forbearance
Know the definition of assignee
Know the definition of contract
Know the definition of quasi contract
Know the definition of consideration
Know the definition of express
Know the definition of implied
Know the definition of unilateral
Know the definition of bilateral
Know what the 5th amendment covers
Know what the 14th amendment covers
Know the definition of capacity
Know the definition quid pro quo
Know the definition of executory contract
Know the definition of Promissory Estoppel
Know what FMLA Act is.
Know what the EEOC does.
Know what the Sherman Act covers
Know what the Clayton Act covers
Know what insider trading is and is not
This should give you an idea of what to expect, but as always you really need to know at least 90% of the Instacert material to be confident during this exam. I was certain I had passed in the high 60's or low 70's, so I was surprised that I only scored a 62. No complaints though, I'm just happy to be done with this exam. Up next, Statistics. I would greatly appreciate any advice regarding this exam, as math is my worst subject.
Thanks in advance and good luck to all, Jay
CLEPS
American Government 62
U.S. History I 58
U.S. History II 64
Intro Psychology 56
Humanities 51
Info Systems & Com App 60
Intro Sociology 73
Principles of Marketing 69
Principles of Management 71
Intro. Educational Psychology 58
Human Growth & Development 62
Introductory Business Law 62
DANTES
World Religions 68
Hereâs to Your Health 60
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