CMA INTER DEC 2026 | LAW | COMPLETE PAPER ANALYSIS & PREDICTION

Main Ideas

The presenter analyzes the previous six CMA Intermediate Law papers to help students prioritize revision for the December 2026 exam. The analysis and predictions are not guarantees: Law questions are difficult to predict precisely, and topics and question formats vary. The December 2026 model question paper (MQP) had not yet been released when the video was recorded, so the analysis may need updating once it becomes available.

Exam Approach and Study Priorities

• Do not neglect the MCQ section. The presenter emphasizes attempting the 30-mark section, described as 15 MCQs, rather than leaving it unanswered.
• Prioritize Contract Act, Companies Act, and Ethics.
  • Contract Act is expected to feature in the second question lot.
  • Companies Act occupies two lots: Questions 5 and 6.
  • Ethics is considered relatively manageable and potentially high-scoring in Question 7.
  • Thorough preparation in these three areas could cover four lots. Question 8 may provide another opportunity involving Contract Act and/or Companies Act.
• Use past papers to identify recurring topics, but do not rely on repetition. Most questions change from paper to paper, and exact questions cannot be reliably forecast.
• Prepare broadly enough to answer the relevant question lots rather than betting on a single predicted question.

Topic-by-Topic Analysis

Contract Act — Questions 2A and 2B

The presenter considers Contract Act a top priority and advises students not to skip it. Previous papers have covered varied topics, including discharge by performance, discharge by agreement, acceptance, and misrepresentation.

Since repeated questions are uncommon, students should cover the Act broadly, paying particular attention to topics that have not been tested recently.

Partnership / LLP and Sale of Goods / Negotiable Instruments — Question 3

• Question 3A: Likely to come from Partnership or LLP. The presenter considers Partnership more likely to appear next, but recommends studying the whole Act to answer confidently.
• Question 3B: Likely to involve either the Sale of Goods Act or the Negotiable Instruments Act. The papers have alternated between them inconsistently, so the presenter cannot confidently predict which will appear and recommends studying both.

Preparing for this question lot may require studying Partnership, LLP, Sale of Goods, and Negotiable Instruments.

Employment-Related Laws — Question 4

• Question 4A: The Code on Wages has appeared frequently and is highlighted as important. The Factories Act has appeared less often, but the presenter does not rule it out.
• Question 4B: The Gratuity Act has appeared repeatedly. The presenter considers it important and suggests it may recur, while acknowledging that this is uncertain.

Companies Act — Questions 5 and 6

The Companies Act is presented as essential because it occupies two full question lots. Skipping it could leave a substantial portion of the paper unanswered.

Past questions have covered a wide range of issues, including:

• Buy-back of shares and secured debentures
• Lifting the corporate veil and changing a company’s name
• Resolutions and agreements
• Notices served electronically
• Directors’ duties, liabilities, appointment, disqualification, and reappointment
• Board reports, statutory auditors, audit committees, audit reports, and internal or operational controls
• Board powers and shareholders’ rights

The presenter notes a trend toward case-study questions, especially in the later company-law questions, and recommends practising case studies from past papers and the MQP.

Ethics — Questions 7A and 7B

Ethics is described as relatively straightforward to learn and potentially quick to score. Topics mentioned as having appeared or recurred include:

• Emotional intelligence
• Nature of business
• The relationship between law and ethics

The presenter recommends working through previous questions because topics may recur.

Question 8 — Integrated or Case-Study Questions

The final lot may combine Contract Act and Companies Act and may use a case-study format. The presenter also mentions that Negotiable Instruments has appeared in a case study before.

Students are advised to practise case studies from earlier papers and the MQP.

Presenter’s Tentative Prediction

The presenter’s forecast is explicitly uncertain:

Question Tentative prediction Question 2 Contract Act Question 3A Partnership Question 3B Sale of Goods or Negotiable Instruments; no firm prediction Question 4A Code on Wages Question 4B Gratuity Act Questions 5 and 6 Companies Act, possibly including case studies Question 7 Ethics Question 8 Contract Act and/or Companies Act, potentially through case studies

Treat this forecast as a revision guide, not a substitute for studying the syllabus.

Speakers and Sources

• Speaker: One presenter or instructor conducting the analysis and sharing predictions.
• Sources discussed: The previous six Law exam papers and past questions. The December 2026 MQP was not yet available at the time of recording.