New ! Commerce MCQ Practise Tests



Elements of Contract Book Back Questions

11th Standard

    Reg.No. :
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Commerce

Time : 00:40:00 Hrs
Total Marks : 25
    3 x 1 = 3
  1. An Agreement enforceable by law is a _______.

    (a)

    Enforceable acceptance

    (b)

    Accepted offer

    (c)

    Approved promise

    (d)

    Contract

  2. Void agreement signifies ______________

    (a)

    Agreement illegal in nature

    (b)

    Agreement not enforceable by law

    (c)

    Agreement violating legal procedure

    (d)

    Agreement against public policy

  3. 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

  4. 3 x 2 = 6
  5. What is law?

  6. Can a minor enter into a contract?

  7. What is meant by Contract?

  8. 2 x 3 = 6
  9. What is meant by Offer.

  10. What is meant by Voidable Contract?

  11. 2 x 5 = 10
  12. Difference between Contract and Agreement.

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

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