NCMA CPCM Exam - Topic 5 Question 118 Discussion

Actual exam question for NCMA's CPCM exam

Question #: 118
Topic #: 5

[All CPCM Questions]

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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Glendora

15 hours ago

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

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Raina

6 days ago

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

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Art

11 days ago

It's definitely D) Waiver.

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Malcolm

16 days ago

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

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Allene

21 days ago

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

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Rima

26 days ago

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

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Eden

1 month 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

1 month 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

1 month 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

2 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

2 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

2 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

2 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

2 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

3 months ago

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

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Matt

3 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

3 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

3 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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Samuel

2 months ago

I think it might be D) Waiver.

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