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!

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What type of law governs the formation of a corporation?

International Law
Family Law
Civil Law
Corporate Law

The correct answer is: Corporate Law

Corporate law specifically deals with the formation, operation, and governance of corporations. This includes laws related to the formation of a corporation, such as filing documents with the state, creating bylaws, and obtaining necessary licenses and permits. International law, family law, and civil law do not pertain to the formation of a corporation and instead cover different areas of law, such as laws related to international relations, personal and familial relationships, and interactions between individuals and organizations. Therefore, these options are incorrect in relation to the type of law that governs the formation of a corporation.