CPA REG: Business law: agency, contracts, debtor-creditor, federal law and business structures
Blueprint II.A–II.E · Area II, Business Law · 15–25% of REG
Ten REG questions on business law: agency, contracts, debtor-creditor, federal law and business structures, untimed, with a reason for every answer option.
Or take the full REG mock examWhich statement about federal employment taxes is correct?
Business law: agency, contracts, debtor-creditor, federal law and business structures on CPA REG
Area II of REG (15–25%) is business law: agency, contracts (common law and UCC Article 2), debtor-creditor relationships including suretyship, secured transactions and bankruptcy, federal employment and worker classification rules, and business structures.
- Blueprint groups
- II.A–II.E
- Share of the section
- Area II, Business Law: 15–25%
- Our drill
- 10 questions from 16 on this topic, untimed, with a reason for every option; one free attempt, unlimited with a pass
What to know
- A principal is bound by an agent's acts within actual or apparent authority; apparent authority comes from the principal's conduct toward third parties.
- Acceptance by mail is effective on dispatch; a revocation is effective on receipt.
- UCC 2-201 requires a signed writing for sales of goods of $500 or more, with a merchant's confirmation exception; UCC 2-205 makes a merchant's signed firm offer irrevocable for up to three months.
- A purchase-money security interest in consumer goods is perfected on attachment; between perfected interests, the first to file or perfect wins (UCC 9-309, 9-322).
- The bankruptcy trustee can recover preferential transfers made within 90 days of the petition (one year for insiders) on antecedent debts while insolvent (11 U.S.C. §547).
- General partners have unlimited personal liability; limited partners, LLC members and shareholders are generally liable only to the extent of their investment.
Test yourself on business law: agency, contracts, debtor-creditor, federal law and business structures
Ten REG questions on business law: agency, contracts, debtor-creditor, federal law and business structures, untimed, with a reason for every answer option.
Or take the full REG mock examCommon questions
How much of the REG section is business law: agency, contracts, debtor-creditor, federal law and business structures?
It sits in Blueprint Area II (II.A–II.E). The AICPA weights whole areas, not single topics; see the area’s range on the REG page. Our 72-question mock draws each area at the middle of its range.
Are these real REG questions?
No. The AICPA does not release live exam questions. These are original practice questions written to the published 2027 CPA Exam Blueprints, with a reason for every answer option and the standard or code section behind the key.
More REG topics
- Tax practice ethics and federal tax proceduresdrill
- Basis, cost recovery and property transactionsdrill
- Individual gross income and pass-through itemsdrill
- Individual deductions, loss limits, filing status and creditsdrill
- Book-tax differences and C corporationsdrill
- S corporations, partnerships, LLCs and exempt organizationsdrill
REG full mock exam: 4 hours, 5 testletsREG task-based simulations
Blueprint and exam facts checked November 2026: AICPA: Learn what is tested on the CPA Exam (Blueprints effective January 1, 2027) · AICPA: CPA Exam score release and testing windows · NASBA: CPA Exam FAQ · Virginia Board of Accountancy: CPA Exam fees.
Original independent practice questions written to the AICPA CPA Exam Blueprints. Not affiliated with or endorsed by the AICPA or NASBA.