Introductory Business Law

About this exam

The exam covers the history and sources of American law, the structure of the legal system and its procedures, contracts, the wider legal environment, torts, and a miscellaneous area covering topics such as agency and sales.

Contracts alone carry a large share of the questions: formation, capacity, consideration, performance, breach and remedies.

Questions typically describe a business situation and ask what the legal outcome is, so applying rules matters more than reciting them.

Topic breakdown

Topic weights published by College Board.

How to study for this exam

• Learn contract formation thoroughly: offer, acceptance, consideration, capacity and legality.
• Work through remedies for breach, which appear in most sittings.
• Review the difference between criminal and civil liability and the main categories of tort.
• Practise scenario questions until identifying the governing rule becomes fast.

How the practice test works

• Choose all units or a single unit to focus on.
• Set the number of questions and a time limit, or practise untimed.
• Filter by difficulty to warm up or push yourself.
• Retake as many times as you like — every attempt is free.
• Your recent sessions stay on this device so you can review them.

Common questions