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11th Standard English Medium Commerce Subject Elements of Contract Creative 1 Mark Questions with Solution Part - II

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. The transactions collateral to an illegal agreement are ...................

    (a)

    not affected in any manner

    (b)

    also tainted with illegality

    (c)

    voidable at the option of the plaintiff

    (d)

    void

  2. A contract is .....................

    (a)

    a legal obligation

    (b)

    an agreement plus a legal obligation

    (c)

    consensus ad idem

    (d)

    an agreement plus a legal object

  3. Flaw capacity to contract may arise from ..............

    (a)

    lack of free consent

    (b)

    lack of consideration

    (c)

    minority

    (d)

    absence of legal formalities

  4. All contracts are agreements but all agreements are not contracts ................

    (a)

    true

    (b)

    false

    (c)

    both (a) and (b)

    (d)

    none of these

  5. All agreements between the parties are enforceable in a Court of law ....................

    (a)

    false

    (b)

    true

    (c)

    both (a) and (b)

    (d)

    none of these

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