Certified Commercial Contract Manager (CCCM™) Practice Exam

Certified Commercial Contract Manager (CCCM™) Practice Exam

A CCCM™ certification holder demonstrates proficiency as a contract manager with a focus on understanding and applying the principles of the Uniform Commercial Code (UCC). Achieving and upholding the CCCM™ represents a notable achievement in your career advancement.

Who should take the exam?

• Commercial contract managers engaged in various forms of domestic and international commercial transactions,
• Government contract managers (at the Federal, State, and Local levels) interested in foundational government contract laws and regulations, and
• All contract managers intrigued by the origins of common law and significant commercial law precedents.

Eligibility Requirements:

• A Bachelor’s Degree. Individuals without a degree but possessing at least 5 years of documented contract management experience along with 24 college credits aligned with CMBOK competencies may apply for a waiver.
• Degrees earned outside the United States must undergo evaluation by an independent third party, such as World Education Services, Scholaro, Credit Eval, Info Check USA, or SpanTran.
• Two years of professional experience in contract management or a related field.
• Completion of a minimum of 80 hours of Continuing Professional Education (CPE) or Continuous Learning Points (CLP).

Exam Details

• Exam Name: Certified Commercial Contract Manager
• Exam Languages: English
• Exam Questions: 150 Questions
• Time: 3 hours
• Passing Score: 70%

Course Outline 

The Exam covers the given topics  - 

Topic 1: Understand General Provisions (2001)

• General Provisions
• General Definitions and Principles of Interpretation
• Territorial Applicability and General Rules

Topic 2: Sales (2002)

• Short Title, General Construction, and Subject Matter
• Form, Formation, and Readjustment of Contract
• General Obligation and Construction of Contract
• Title, Creditors, and Good Faith Purchasers
• Performance
• Breach, Repudiation, and Excuse
• Remedies

Topic 3: Leases (2002)

• General Provisions
• Formation and Construction of Lease Contract
• Effect of Lease Contract
• Performance of Lease Contract: Repudiated, Substituted, and Excused
• Default

Topic 4: Negotiable Instruments (2002)

• General Provisions and Definitions
• Negotiation, Transfer, and Indorsement
• Enforcement of Instruments
• Liability of Parties
• Dishonor
• Discharge and Payment

Topic 5: Bank Deposits and Collections (2002)

• General Provisions and Definitions
• Collection of Items: Depositary and Collecting Banks
• Collection of Items: Payor Banks
• Relationship between Payor Bank and Its Customer
• Collection of Documentary Drafts

Topic 6: Funds Transfer (2012)

• Subject Matter and Definitions
• Issue and Acceptance of Payment Order
• Execution of Sender’s Payment Order by Receiving Bank
• Payment
• Miscellaneous Provisions

Topic 7: Letters of Credit (1995)

• Letters of Credit

Topic 8: Bulk Transfers and [Revised] Bulk Sales (1989)

• Subject Matter and Definitions

Topic 9: Documents of Title (2003)

• General
• Warehouse Receipts: Special Provisions
• Bills of Lading: Special Provisions
• Warehouse Receipts and Bills of Lading: General Obligations
• Warehouse Receipts and Bills of Lading: Negotiation and Transfer
• Warehouse Receipts and Bills of Lading: Miscellaneous Provisions

Topic 10: Investment Securities (1994)

• Short Title and General Matters
• Issue and Issuer
• Transfer of Certificated and Uncertificated Securities
• Registration
• Security Entitlements

Topic 11: Secured Transactions (2010)

• General Provisions
• Effectiveness of Security Agreement; Attachment of Security Interest;
  
• Perfection and Priority
  
• Rights of Third Parties
  
• Filing
• Default