NCMA CPCM Exam - Topic 5 Question 118 Discussion

Actual exam question for NCMA's CPCM exam

Question #: 118
Topic #: 5

The voluntary and unilateral relinquishment by some act or conduct of a person of a right that he or she has is known as:

AExecutory

BApparent authority

CActual authority

DWaiver

Show Suggested Answer

Suggested Answer: D

by Mirta at Nov 25, 2025, 11:16 AM

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Mammie

1 month ago

I remember learning about waivers in class. It makes sense!

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Virgina

2 months ago

I feel confident about D) Waiver too. It’s clear in the context.

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Paulina

2 months ago

D) Waiver is definitely the best choice. It’s about giving up a right.

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Floyd

2 months ago

I’m torn between C) Actual authority and D) Waiver.

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Kayleigh

2 months ago

Agreed! Waiver fits the definition perfectly.

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Barney

2 months ago

I thought it was more complicated than that!

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Annita

2 months ago

D) Waiver is correct, it's a common legal term.

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Glendora

3 months ago

Wait, are we sure it's not A) Executory?

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Raina

3 months ago

Totally agree, it's all about giving up a right.

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Art

3 months ago

It's definitely D) Waiver.

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Malcolm

4 months ago

D) Waiver, no doubt. Although I wish I could waive the entire exam and still get the certification.

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Allene

4 months ago

Definitely D) Waiver. Although I'm tempted to choose "Apparent authority" just because it sounds more interesting.

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Rima

4 months ago

D) Waiver, easy peasy. Now, if only I could waive my student loans...

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Eden

4 months ago

I always get "waiver" and "wavier" mixed up. Maybe I should just waive the exam and try again next time.

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Rupert

4 months ago

I feel like "waiver" is the answer, but I can't recall the exact definition we discussed in class.

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Bernadine

4 months ago

I keep mixing up the terms. Wasn't there something about unilateral actions in a case study we did?

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Armando

5 months ago

Ugh, I'm drawing a blank on the terminology here. Let me quickly review my notes and see if I can jog my memory before time runs out.

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Theresia

5 months ago

Okay, I've got this. The question is asking about voluntarily giving up a right, so the answer has to be D) Waiver. Feeling confident on this one.

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Jaime

5 months ago

I'm a bit confused on the difference between actual and apparent authority. I'll have to review those before deciding on the answer.

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Kallie

5 months ago

I think this might be about waiving a right, but I'm not completely sure if that's the right term.

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Mauricio

5 months ago

D) Waiver is the correct answer. It's the only option that describes the voluntary relinquishment of a right.

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Aretha

6 months ago

I think it's D) Waiver. Sounds right.

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Matt

6 months ago

I remember practicing a question on authority types, but this one feels different. I want to say it's D) Waiver, though.

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Hortencia

6 months ago

Waiver, that's gotta be it. I remember learning about that in class - it's when you voluntarily give up a right you have.

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Elden

6 months ago

Hmm, this seems like a tricky one. I'll need to think through the key concepts of rights and relinquishment to figure out the right answer.

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Winfred

20 days ago

Definitely D) Waiver. It’s the most relevant here.

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Sarah

25 days ago

True, but it doesn't fit the relinquishment part.

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Adaline

30 days ago

But what about A) Executory? Isn't that related to obligations?

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Harris

1 month ago

That makes sense! Waiver is about giving up a right.

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Samuel

5 months ago

I think it might be D) Waiver.

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