Introductory Business Law CLEP Prep Practice Exam

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Prepare for the CLEP Business Law Exam with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you succeed. Master the content and pass your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is a claimant?

A person who has been found guilty of a crime
A person seeking compensation for the wrongful act of another
A person who has been sued by another party
A person responsible for repaying a debt

The correct answer is: A person seeking compensation for the wrongful act of another

A claimant is a person who is seeking compensation for the wrongful act of another party. Option A is incorrect because a person who has been found guilty of a crime is typically referred to as a criminal, not a claimant. Option C is incorrect because a person who has been sued is referred to as a defendant, not a claimant. Option D is incorrect because a person responsible for repaying a debt is known as a debtor, not a claimant. Therefore, the correct answer is option B.