Home > Marketing Management 101 > Quizzes > CLEP Introductory Business Law
CLEP Introductory Business Law
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 89% • Most missed: “Regulates stock exchanges - the over-counter market - and individuals who assist…”
CLEP Introductory Business Law
Time left 00:00
25 Questions

1. When a party takes back his repudiation and agrees to perform under the contract. Retraction is not valid if the non-repudiating party has materially changed her position in reliance on teh repudiation - or indicated her willingness to treat the repu

2. When a party unlawfully indicate that he will not perform when the performance is due.

3. Regulates exports - including implementing export controls - which restrict the exportation of certain goods based on national security and other concerns.

4. An agreement pursuant to which a creditor receives a security interest in some property or asset in exchange for lending money. In the event of a default - the security interest allows the creditor to take possession of the property/asset in order to

5. Regulates stock exchanges - the over-counter market - and individuals who assist investors with trading activities.

6. Agreements whereby a seller agrees to sell one product to a customer - but only on the condition that the customer purchases another product (vertical agreement)

7. Exempts transactions by any person other than an issuer or underwriter and any transaction that does not involve a public offering.

8. An anti-discrimination law that prohibits employment discrimination based on race - color - religion - sex - and national origin. This prohibits discrimination in hiring - firing - recruiting - and compensation. Prohibit sexual harassment or requesti

9. Motions that can be made by the loosing party after a trial. This includes a motion for a new trial or a motion for a judgment notwithstanding the verdict (judgment n.o.v.).

10. It is founded by the National Environmental Policy Act (NEPA) - to be responsible for gathering information on the quality of the environment and for advising the president on the preparation of the Environmental Quality Report

11. A substantial likelihood that a reasonable investor would consider the statement or omission important in making a decision about a securities transaction

12. The party that won in the previous court trial - but the other party is appealing the decision.

13. Twelve members of jury that hear the evidence at the trial court. The Judge rules on the evidence and guides the jury on questions of law and proper rules of procedure.

14. It is the opportunity for each party to present their arguments to the appellate court. However - it is not always allowed.

15. A quarterly report required by the Exchange Act

16. Regulates private pension plans. It creates standards for their plans. It also requires employers to provide adequate funds for their plans - and to appoint an administrator for the plan who has fiduciary responsibility to administer the plan in the

17. A misrepresentation made with knowledge of its inaccuracy

18. A supervening stature makes a contract illegal - and thereby makes performance impossible

19. Prohibits differences in wages based on the gender of men and women who perform substantially same work.

20. Only one of the party wants to rescind the contract - which requires legal grounds to do so.

21. An exemption for offers in which the aggregate offering price is less than $5 million and the number of purchasers in less than 35 - excluding accredited investors

22. One of the primary federal statutes - and it created the Securities and Exchange Commission (SEC).

23. Negotiations between employers and groups of employees to create a collective agreement regarding employment compensation and other benefits.

24. Agreements requiring a buyer to resell products to a specific manufacturer. The Clayton Act prohibits such agreements (vertical agreement)

25. It represents a request for the court to take some action. A motion can be filed by a defendant.

⚡ Recently practiced quizzes in this topic
Live quiz activity
Bachelor of Mass Media in Advertising (BMM Advertising) Practice Test: Copywriting International Marketing Practice Test Questions Bachelor of Mass Media in Advertising (BMM Advertising) Practice Test: Media Planning and Buying Basic Marketing Practice Test Modern Marketing Glossary Pricing Exam Marketing Practice Test: Developing and Managing Products Marketing Practice Test: Decision Support Systems and Marketing Research FBLA Advertising Review Marketing Management Practice Test Questions: All Topics
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.