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Elements of Contract Model Question Paper

11th Standard

    Reg.No. :
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Commerce

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. An Agreement enforceable by law is a

    (a)

    enforceable acceptance

    (b)

    accepted offer

    (c)

    approved promise

    (d)

    contract

  2. Every promise and every set of promises forming the consideration for each other, is an

    (a)

    agreement

    (b)

    contract

    (c)

    offer

    (d)

    acceptance

  3. Void agreement signifies

    (a)

    Agreement illegal in nature

    (b)

    Agreement not enforceable by law

    (c)

    Agreement violating legal procedure

    (d)

    Agreement against public policy

  4. Acceptance to be valid must be __________.

    (a)

    be absolute

    (b)

    be unqualified

    (c)

    both be absolute and unqualified

    (d)

    be conditional

  5. A contract with or by a minor is a

    (a)

    valid contract

    (b)

    void contract

    (c)

    voidable contract

    (d)

    voidable at the option of either party

  6. 5 x 2 = 10
  7. What is law?

  8. Why should one know law?

  9. Can a minor enter into a contract?

  10. Who can enter into a contract?

  11. Define contract

  12. 5 x 3 = 15
  13. Define offer.

  14. What do you mean by Agreement?

  15. Define a voidable contract.

  16. Who is a promisor, promissee?

  17. What are the Legal rules of offer?

  18. 4 x 5 = 20
  19. Explain the essentials of a valid contract?

  20. Explain the classification of contract on the basis of the validity.

  21. Explain the classification of contract on the basis of the formation.

  22. Explain the classification of contracts on the basis of performance.

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