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11th Standard Commerce Elements of Contract English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  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. The law relating to contracts is to be found in the Indian contact act.

    (a)

    1962

    (b)

    1972

    (c)

    1982

    (d)

    1992

  5. Incapacity to contract may arise from

    (a)

    Minority

    (b)

    Unsound mind

    (c)

    Disqualified from any contract

    (d)

    All the above

  6. Which of the following law is base for the development of Indian contract Act 1872 ?

    (a)

    English Common Law

    (b)

    America Common Law

    (c)

    Austrilia Common Law

    (d)

    Europe Common Law

  7. A contract in which, under the terms of a contract, nothing remains to be done by either party is known as

    (a)

    executed contract

    (b)

    executory contract

    (c)

    unilateral contract

    (d)

    none of the above

  8. A appoints B as his agent, by way of a power of attorney. This is an example of

    (a)

    express contract

    (b)

    implied contract

    (c)

    tacit contract

    (d)

    unlawful contract

  9. The Contract Act came into force

    (a)

    from 1 September 1972.

    (b)

    before 1 September 1882

    (c)

    from 1 September 1872

    (d)

    after 1 September 1872

  10. Mercantile person denotes ....................

    (a)

    Individual

    (b)

    Partnership

    (c)

    A Company

    (d)

    All the above

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