Introductory Business Law CLEP Prep Practice Exam

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Prepare for the Introductory Business Law CLEP Exam with our comprehensive quiz, designed to cover essential legal concepts and practices. Study effectively and boost your chances of success!

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What is a claimant?

  1. A person who has been found guilty of a crime

  2. A person seeking compensation for the wrongful act of another

  3. A person who has been sued by another party

  4. 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.

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