Which Business Laws and Ethics topics matter most for CMA Intermediate?

Labour Codes in Outline, Business Ethics and Corporate Governance carry the highest question counts based on previous-year analyses.

Is this Business Laws and Ethics material free?

Yes — every chapter, practice set and flashcard deck here is free. Premium mock tests and live courses from tutors are labelled separately.

CMA IntermediateBusiness Laws and Ethics

Business Laws and Ethics for CMA Intermediate

Paper 5 · Group I · Section A Commercial & Industrial Laws · Section B Ethics.

📊 Section A MCQ + Section B descriptive · 100 marks · 3 hours

How toppers play this section

Section A's laws (Contract, Sale of Goods, Partnership/LLP, Negotiable Instruments, Companies Act fundamentals, the Labour Codes) reward the same provision-application-conclusion discipline every law paper on this hub rewards. Section B's ethics is different in kind — it is marked on correctly naming a framework (the five fundamental principles, the five threats) rather than on unstructured opinion, and is the single fastest-scoring block in the entire paper once those named lists are memorised.

Chapters

Built to the CMA Intermediate blueprint — notes, shortcuts, solved PYQ-style examples and practice in every chapter.

1How to Write CA Foundation Law AnswersProvision, application, conclusion — why a right answer with no provision behind it reads as a guess, and how to write a law answer that earns every mark ICAI allots.⏱ 22 min read

2The Regulatory Framework & Contract FormationWhere Indian law comes from and who administers it, then the first two steps of the Contract Act — what makes an agreement, and what makes an agreement enforceable.⏱ 34 min read

3Contract Act: Capacity, Consent & ValidityWho can contract, whether the assent was real, and whether the law will countenance the bargain at all — capacity, the five vitiating factors, unlawful objects, void agreements and contingent contracts.⏱ 34 min read

4Contract Act: Performance, Breach & Special ContractsHow a contract is carried out and brought to an end, what follows when it is broken, and the four special contracts the Act regulates separately — indemnity and guarantee, bailment and pledge, and agency.⏱ 38 min read

5The Sale of Goods Act, 1930When property in goods passes and why that single question decides who bears the loss — conditions and warranties, transfer of ownership, the exceptions to nemo dat, and the unpaid seller's rights.⏱ 32 min read

6The Partnership Act, 1932 & the LLP Act, 2008Mutual agency as the true test of partnership, what a partner can bind the firm to, why registration matters far more than students expect, and the body corporate that gives partners limited liability.⏱ 34 min read

7The Companies Act, 2013Separate legal personality and what follows from it — the corporate veil and when courts lift it, the classification of companies, the memorandum and articles, and the two doctrines that govern dealings with a company.⏱ 30 min read

8The Negotiable Instruments Act, 1881Why a piece of paper can carry a better title than the person who transferred it — promissory notes, bills and cheques, the holder in due course, crossings, dishonour, and the criminal liability under section 138.⏱ 30 min read

9Labour Codes in OutlineFour codes replacing 29 old central labour laws, the 50% rule that stops a CTC structure from shrinking statutory wage-linked dues, and the 300-worker threshold that decides whether a firm needs government permission before it can retrench.⏱ 12 min read

10Business Ethics and Corporate GovernanceThree competing ways to decide whether an action is ethical, the five fundamental principles every professional accountant's code of ethics is built from, and the five-threat framework that turns 'is this a conflict of interest' into a structured question with a structured answer.⏱ 11 min read

Topic-wise weightage in CMA Intermediate

Expected question counts from previous-year paper analyses. Topics with an arrow already have a full chapter.

Topic	Eight papers in two groups, 800 marks Q	Priority
The Regulatory Framework & Contract Formation	~10	High
Contract Act: Capacity, Consent & Validity	~8	High
Contract Act: Performance, Breach & Special Contracts	~8	High
The Sale of Goods Act, 1930	~6	Medium
The Partnership Act, 1932 & the LLP Act, 2008	~8	High
The Companies Act, 2013 (fundamentals)	~8	High
The Negotiable Instruments Act, 1881	~6	Medium
Labour Codes in Outline	~10	Very high
Business Ethics and Corporate Governance	~35	Very high