Hi Varun -
I am also getting this error, using the full version of Captivate 7. The course is set up for SCORM 1.2 and we are using slide views 100% with no quiz.
The content plays but we receive the "unable to acquire LMS API." I am playing the content out of our Oracle LMS...
I've loaded other Captivate 7 courses into OLM and they work; however those courses are using a quiz.
This is the first time we've tried with just slide views in Captivate 7. In previous versions of captivate we have been able to publish courses with slide views only and it worked....our settings are set up the same as previous projects.