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

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

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5

  1. All illegal agreements are void; but all void agreements are not illegal ______.

    (a)

    True

    (b)

    Partly true

    (c)

    False

    (d)

    None of the above

  2. 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

  3. A contract creates ______.

    (a)

    rights in person

    (b)

    rights in parties

    (c)

    no obligations

    (d)

    only obligations and no rights

  4. 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

  5. Mercantile Law consists of ...................

    (a)

    Commercial

    (b)

    Business

    (c)

    Both (a) and (b)

    (d)

    None of these

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