Elements of Contract Model Question Paper

11th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Commerce

Time : 02:00:00 Hrs
Total Marks : 50
    10 x 1 = 10
  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. The law relating to contracts is to be found in the Indian contact act.

    (a)

    1962

    (b)

    1972

    (c)

    1982

    (d)

    1992

  7. Incapacity to contract may arise from

    (a)

    Minority

    (b)

    Unsound mind

    (c)

    Disqualified from any contract

    (d)

    All the above

  8. All illegal agreements are void; but all void agreements are not illegal.

    (a)

    True

    (b)

    Partly true

    (c)

    False

    (d)

    None of the above

  9. Mercantile person denotes ....................

    (a)

    Individual

    (b)

    Partnership

    (c)

    A Company

    (d)

    All the above

  10. A contract .................

    (a)

    may be void as originally entered into

    (b)

    may become void subsequent to its formation

    (c)

    cannot become void under any circumstances

    (d)

    may become void at the will of a party

  11. 5 x 2 = 10
  12. What is law?

  13. Who can enter into a contract?

  14. Define contract

  15. Who is an Alien Enemy?

  16. What is Valid Contract?

  17. 5 x 3 = 15
  18. Define offer.

  19. What do you mean by Agreement?

  20. Who is a promisor, promissee?

  21. What are all the types of agreements?

  22. Write the meaning of contract.

  23. 3 x 5 = 15
  24. Explain the essentials of a valid contract?

  25. Difference between Contract and Agreement.

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

*****************************************

TN 11th Standard Commerce free Online practice tests

Reviews & Comments about 11th Standard Commerce - Elements of Contract Model Question Paper

Write your Comment