Introductory Business Law CLEP Exam 2025 – Your All-in-One Guide to Master the Test!

Question: 1 / 400

What body of laws covers the rights of parties in contracts?

Civil Law

Criminal Law

Common Law

The correct answer is C Common Law. Civil Law typically deals with disputes between private parties, and while contracts may be involved, it is not specifically focused on the rights in contracts. Criminal Law applies to crimes, not contracts. Corporate Law focuses on the legal structure and obligations of corporations, not contracting parties. Common Law is a body of laws based on court decisions and precedents, and contract law falls under this category because it is primarily created and enforced by the courts.

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Corporate Law

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