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NCA Commercial Law Examination — Information & Free Practice

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About NCA Commercial Law Examination

NCA Commercial Law Examination · CA

Topics covered

  • Secured Transactions

    • Background to Personal Property Security Act
    • Application: Conditional Sale Agreements and Chattel Mortgages
    • Application: Accounts, s. 1(1)
    • Application: Consignments, s. 2(a)
    • Application: Chattel Leases, s. 1 and s. 2(c)
    • Application: Assignment of Accounts Receivable, s. 2(b) and s. 40(2)
    • Attachment, s. 11 and s. 19
    • Registration of a Security Interest: Financing Statement, ss. 23, 28(5), 45, 46(5), 51
    • Registration: Lapse, ss. 48, 30(6), 69
    • Registration: Errors in Financing Statement, ss. 46(4), 46.1, 46.2, 46.3
    • Registration: Possession of Collateral, s. 22
    • Personal Guarantees, s. 17
    • Property Acquired in the Future: After Acquired Property, ss. 12(1), 45(4)
    • Property Acquired in the Future: Future Advances, ss. 1(1), 13, 30(3), 30(4), 38
    • Priorities: Major Priorities Section, s. 30(1)
    • Priorities: Judgment Creditors, s. 20(1)(a)(ii)
    • Priorities: Non-perfection Against Trustee in Bankruptcy, s. 20(1)(b)
    • Priorities: Transferee for Value, s. 20(1)(c)
    • Priorities: Purchases in Ordinary Course of Seller's Business, ss. 28(1), 28(1.1)
    • Priorities: Purchase Money Security Interest, ss. 1(1), 33(1)–(3)
    • Security Interests Excluded from Scope: Liens, s. 4(1)(a)
    • Default: Seizure, ss. 59(5), 63(5), 64(3), 65
    • Default: Commercially Reasonable Dispositions, ss. 57.1, 59(1), 62, 63(1)–(2), 64
    • Default: Distinction Between Receivership and Bankruptcy

  • Penalties and Liquidated Damages

    • Case Law
    • Economic Analysis of Law

  • Sale of Goods

    • Introduction: Sale of Goods Act
    • Introduction: Contract for Goods or Contract for Services
    • Introduction: Specific Goods
    • Introduction: Unascertained Goods
    • Passing of Property: ss. 17 and 18 and s. 19 Rule 1
    • Passing of Property: s. 19 Rule 2
    • Passing of Property: s. 19 Rules 3 and 4
    • Passing of Property: s. 19 Rule 5(i)

How to prepare

Work through the topics, read the explanation after each answer, and revisit the areas where you miss questions. Use the official outline and reference materials below to guide your study.

These independent practice questions are not actual exam items and do not guarantee a passing result.

Official sources and references

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