OpenExamsFREE PRACTICE — ANY EXAM

CICM Business Law (7CO) — Information & Free Practice

100 free questions · Answer explanations · No signup required

Start free practice →

Exam Review

About CICM Business Law (7CO)

CICM Business Law (7CO) · GB

Key exam facts

Provider
Chartered Institute of Credit Management (CICM), examination owner and awarding body; Pearson VUE delivers test-centre examinations and OnVUE remote proctoring.
Format
Online multiple-choice examination, delivered at a Pearson VUE test centre or remotely through OnVUE at home or work.
Exam questions
Total questions: 60.
Time limit
60 minutes for the examination questions; the introductory tutorial, practice question and non-disclosure section is separate and untimed.
Passing score
Business Law Level 3: pass at 60%–100%; fail at 0%–59%. This is the subject-specific percentage standard.
Exam fee
GBP £130 standard UK examination fee; £150 for overseas learners/centres outside the UK. Membership, registration, tuition and optional practice resources are separate; packages may include an assessment fee.

Topics covered

  • The English legal system (15%)

    • Common law
    • Statute law
    • Delegated legislation
    • Jurisdiction of the courts

  • Law of contract (35%)

    • Essentials of a binding contract
    • Terms
    • Validity
    • Guarantees and Indemnities
    • Privity and Assignment
    • Discharge
    • Remedies

  • Sale and supply of goods, services and related topics (25%)

    • Sale of Goods Act 1979 (as amended)
    • Supply of Goods and Services Act 1982 (as amended)
    • Consumer Rights Act 2015
    • Unfair contract terms and legislation

  • Agency (15%)

    • Formation
    • Duties of an agent
    • Duties of a principal
    • The agent’s authority
    • The agent’s liability
    • Termination
    • Bailment

  • Other contractual matters (10%)

    • Guarantees
    • Indemnities
    • Bailment
    • Liens

How to prepare

Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.

These independent practice questions are not actual exam items and do not guarantee a passing result.

Frequently asked questions

What is the exam format?

Online multiple-choice examination, delivered at a Pearson VUE test centre or remotely through OnVUE at home or work.

How many questions are on the exam?

Total questions: 60.

How long is the exam?

60 minutes for the examination questions; the introductory tutorial, practice question and non-disclosure section is separate and untimed.

What is the passing score?

Business Law Level 3: pass at 60%–100%; fail at 0%–59%. This is the subject-specific percentage standard.

How much does the exam cost?

GBP £130 standard UK examination fee; £150 for overseas learners/centres outside the UK. Membership, registration, tuition and optional practice resources are separate; packages may include an assessment fee.

Official sources and references

Confirm current exam arrangements with the exam provider.