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11th Standard English Medium Commerce Subject Elements of Contract Book Back 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5

    Part I

    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  ________.

    (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

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