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
Here’s to Your Health 60

Way to go! Thanks for the info too.

__________________
The best things in life aren't things.
~Brandon

__________________
ShotoJuku +
A.S., B.S., M.S.

Always be ready to release your mind and be willing to listen to the advice of others. Remain flexible. - Gichin Funakoshi

Wow! I took this one a week ago, and made the same score.

__________________
BSBA Marketing Thomas Edison State College-63/120

College Math-66, College Algebra-64, Analyzing & Interpreting Literature-67, U.S. History I-66, U.S. History II-61, Information Systems & Computer Applications-59, Biology-61, DSST Introduction to Business-61, Introductory Sociology-65, Introductory Psychology-52, Principles of Microeconomics-54, Principles of Macroeconomics-47, Principles of Marketing-68, Financial Accounting-47, Introductory Business Law-62, Principles of Management-70, DSST Principles of Supervision-64, DSST Organizational Behavior-68, English Literature-61

Congrats on a great score. Thanks for the info too. Very helpful.

__________________
Goal: Excelsior BSGB 61 of 121 credits earned to date
I'm halfway there! (Whoa oh, living on a prayer)
21 transfered credits
6 more from AP English (4)
EC: Info Lit (P in 2 hours)
Clep: Educational Psych (69) Management (70) American Gov (53) A&I Lit (74) Algebra (52) Marketing (72)
DSST: Intro Comp (68) MIS (67) Here's Health (66) Supervision (60)

Thanks so much for the info and congratulations on passing! This is on my list to take over the next couple of months.

__________________
TECEP's passed:
English Composition 102
Technical Writing
Psychology of Women
Word Processing Fundamentals
Introduction to Computer Information Systems

CLEP's passed:
Analyzing and Interpreting Literature - 60
Principles of Management - 71
Principles of Marketing - 67
Principles of Macroeconomics - 54
Principles of Microeconomics - 57
Introduction to Business Law- 65

DSST's passed:
Principles of Supervision - 59
Introduction to Business - 63
Principles of Financial Accounting- 54

FEMA Credits earned: 15

ALEKS Intro to Stats completed 3/10/09

ASBA - TESC - 3/6/09
BSBA - general management in progress

Working on: PF Business and Technical Writing

Great job! Thanks for the report.

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Bachelor of Arts, 2008
87 Traditional Credits
27 Exam Credits
6 FEMA Credits

M.A. in progress 2010

I am testing on this one this week; should I pass, then I just need to finish out the remainder of my ECO499 Capstone course to graduate; if not, well, then I take BUS-100 mini-course starting on 5/19 ...

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Almost_There

Associates, Electronic Systems Technology
Community College Air Force (1986)

Spring Break that lasted 20 years

Bachelors, Business Administration
Strayer University (Expected June 2008)

Cleps Taken:1
Cleps Passed:1 (Soc/67)
Cleps Needed:1 (Leg)

Congrats JayAusTex! and I'll second the Thanks for the feedback - this one is also on my list of todo's.

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CLEPS/DANTES ATTEMPTED/PASSED -21 Classes credited:
- Human/Cultural Geography (SOC300) 69/Nov 08
- Intro to Business Law (LEG100) 73/Nov 08
- Astronomy (HUM300) 68/Nov 08
- Human Resource Management (BUS310) 73/Jul 08
- Money and Banking (ECO320) 64/Jun 08
- Principles of Finance (FIN100) 67/May 08
- Principles of Macroeconomics (ECO100) 75/Apr 08
- Principles of Marketing 74/Apr 08
- Introduction to World Religions (HUM400) 78/Apr 08
- Analyzing & Interpreting Lit 69/Mar 08 (6 credits)
- Introductory Psychology 74/Feb 08
- Introductory Sociology 73/Jan 08
- Principles of Mgmt 75/Dec 05
- English Comp (cold) 59/Sep 05 (6 credits)
- Information Systems & Computer Apps 72/Sep 05
- College French Language 75/Jun 05 (12 credits)

+Traditional Credits Earned 2005-2008: 17 classes - last 3 traditional classes completed Oct/08
ALL DONE NOV 08. Degree received: BS in Business Administration, minor in Management, SCL. Saved $$$$$ and Time - Thanks to InstantCert.