Introductory Business Law CLEP Prep Practice Exam

What body of law governs the sale and transfer of goods and services?

1. International Law

2. Commercial Law

3. Constitutional Law

4. Contract Law

The correct answer is: Commercial Law

Commercial Law is an area of law that deals with the sale and transfer of goods and services. It includes both domestic and international transactions. This body of law regulates commercial activities and ensures fair and efficient trade practices. While International Law deals with relations between nations, Constitutional Law focuses on the structure and powers of the government, and Contract Law specifically focuses on the formation and enforcement of agreements between parties. Therefore, these options are not the best fits for governing the sale and transfer of goods and services.