Yes it would. You may want to register him for FR3 online just in case (and an easy A), but FR 101+102 at a flagship would indeed be considered equivalent to High School French 1, 2, and 3. FR 111+ 201 and he could take the AP test. 
Yes it would. You may want to register him for FR3 online just in case (and an easy A), but FR 101+102 at a flagship would indeed be considered equivalent to High School French 1, 2, and 3. FR 111+ 201 and he could take the AP test.