Intro to Business law

[snazzlefrag]

Well done Christa,

67 is a score to be proud of!

[ChristaKB]

Thanks guys.

It's great not having to do this all alone!

Christa

[snazzlefrag]

Hi All,

I will be taking CLEP Intro to Business Law tomorrow morning at 10am.

I would appreciate it if you would pray for me, think of me, light a candle for me, or anything else you can think of.
hilarious

I have enjoyed studying for this exam. There seems to be a lot of overlap with exams I have taken previously, such as:

Ethics in America
Environment & Humanity
Human Resources
American Government
Criminal Justice

As a result, I was already familiar with a LOT of the terminology, legislative acts, court cases, etc.

Of course, I haven't taken the exam yet....so stay tuned to see how helpful those other exams are in preparation for this one!

I found a fantastic web site that provides great lecture notes on all the topics listed in the Factsheet. There are 52 chapters, but obviously you only need some of those for this "Intro" exam. I'm sure the rest will be helpful for DANTES Business Law II though.

Use it if you need it....

http://myphlip1.pearsoncmg.com/phlip/mplistres5.cfm?vbookid=482
(Click on "Lecture Notes" for each chapter).

I'll let you know how I do tomorrow and hopefully give you a thorough report on the exam,
Snazzlefrag

[yutzyj]

I would appreciate it if you would pray for me, think of me, light a candle for me, or anything else you can think of.

candle lit, prayers said.

[Librevore]

candle lit, prayers said.

Ditto! You are going to do great, Snazz!

Librevore

[snazzlefrag]

Hi All,

Just got back! I passed with a 74.

Personally, I would group this exam in with the "easiest" of the CLEPs. I really don't need to provide a detailed report on this exam. It is enough to say that Instancert is enough to pass it.

If you study Instantcert, you will not have any trouble on this one. It was very straightforward. All the topics mentioned on the CLEP factsheet were covered on the exam. It was very accurate.

I would also highly recommend that you read through the first 24 chapters of the site I provided in my post above. It fills in a few of the gaps in Instantcert, and re-inforces the material.

I finished this 100-question exam with 20 minutes to spare. Don't be afraid of this one at all....seriously!

I have to leave for a bit, and I may write some more specific details later. But honestly, there isn't much else to say other than "study Instantcert".

Thanks for your support as always,
Snazzlefrag

[cbrchris]

Great Job Snazzlefrag!

[snazzlefrag]

Okay,

Here are some specific details about the version of the exam I took.

If you can go down the following list and check off that you have covered each item, you will not fail this exam:

LAW VIEWS:
(not very much on the exam)

Analytical View
Command View
Critical View
Historical View
Law & Economics View
Legal Realism
Natural Law View
Sociological View
Traditional View

ETHICS:
(not very much on the exam)

Utilitarianism (Bentham/Mill)
Kantian Ethics (Duty)
Ethical Fundamentalism
Ethical Relativism
Maximising Profits Theory
Corporate Citizenship Theory
Moral Minimum Theory
Social Justice Theory (Rawl)
Stakeholder Interest Theory

CONTRACT LAW:

Elements of a Contract: Consideration, Capacity, Agreement, Legality
Types of Contract: Implied-in-fact, Implied-in-law (quasi), Express
Unilateral vs. Bilateral
Executory Contract vs. Executed Contract
Liquidated Damages
Forbearance
Novation
Rescission
Assigned Rights vs. Delegated Duties
Creditor Beneficiaries vs. Donee Beneficiaries
Exceptions to Consideration: Moral Obligation, Duty, Past Consideration, Illusory Promise
Mutual Mistake vs. Unilateral Mistake (definition and consequences)
Statute of Frauds (what it is and what it covers).
Discharge of a Contract: Void, Voidable, Unenforceable

CONSTITUTIONAL LAW & THE U.S. COURT SYSTEM:
(not very much on the exam)

Commerce Clause
Bill of Rights (I had a question on the 1st and 2nd Amendments specifically)
Civil vs. Criminal (procedures/crimes/court system)
ANTITRUST LAW:
(not very much on the exam)
Sherman Act
Clayton Act
Patman-Robinson Act
Federal Trade Commission
Restraint on Trade
Primary, Secondary, and Tertiary Line Injuries
TORT LAW:
Intentional Tort vs. Negligent Tort
Slander vs. Libel
Assault versus Battery
Proximate Cause vs. Cause in Fact
Negligence Per Se
Res Ipsa Loquitur
Tort
Strict Liability
Warranty of Title
Copyright vs. trademark

EMPLOYMENT LAW:
(not very much on the exam)

Fiduciary relationships
Agency
Fair Labor Standards Act
Bakke v University of California
FMLA
EEOC
Consolidated Omnibus Budget Reconciliation Act (COBRA)
Civil Rights Act - Title VII (What is covered and what isn't)
Disparate Treatment
Disparate Impact

ENVIRONMENTAL LAW:
(not very much on the exam)

Comprehensive Environmental Response, Compensation & Liability Act (CERCLA/Superfund)
Clean Air Act
Clean Water Act
EPA
Endangered Species Act

MISCELLANEOUS:
(passing familiarity will suffice for everything not listed above)

- Study all of Instantcert
- Read chapters 1-24 of this site (only one page per chapter):

http://myphliputil.pearsoncmg.com/studen...ec_01.html
(manually change "01.html" to "02.html" etc.)

There is no need to stress out over this exam. Familiarize yourself with the various terms mentioned above and then go and pass it.

I hope this helps!
Snazzlefrag

[yutzyj]

congrats on the great score. thanks for the post. i will be using it when my turn comes for this exam.

[Librevore]

Hi All,

Just got back! I passed with a 74.

Personally, I would group this exam in with the "easiest" of the CLEPs. I really don't need to provide a detailed report on this exam. It is enough to say that Instancert is enough to pass it.

If you study Instantcert, you will not have any trouble on this one. It was very straightforward. All the topics mentioned on the CLEP factsheet were covered on the exam. It was very accurate.

I would also highly recommend that you read through the first 24 chapters of the site I provided in my post above. It fills in a few of the gaps in Instantcert, and re-inforces the material.

I finished this 100-question exam with 20 minutes to spare. Don't be afraid of this one at all....seriously!

I have to leave for a bit, and I may write some more specific details later. But honestly, there isn't much else to say other than "study Instantcert".

Thanks for your support as always,
Snazzlefrag

Congratulations! Another one to cross off the list.

Appreciate your thorough exam breakdowns/feedback. Very helpful!

Librevore