Chapter Exam

Chapter 29: Elements of Contract — Online MCQ Test

Q: According to Section 2(h) of the Indian Contract Act, 1872, an agreement enforceable by law is a ________.

Answer: B. Contract — Section 2(h) defines a contract as an agreement enforceable by law.

Q: Which of the following is NOT an essential element of a valid contract?

Answer: C. Registration of the contract — Registration is not a mandatory legal requirement for the formation of a general valid contract under the Indian Contract Act.

Q: If 'A' offers to sell his car to 'B' for Rs. 50,000 and 'B' agrees, this results in a ________.

Answer: C. Promise — When the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted and becomes a promise.

Q: Analyze the following: A promises to pay B Rs. 10,000 if B kills C. This contract is ________.

Answer: C. Illegal and void — The object of this agreement is criminal in nature, making the contract illegal and void ab initio.

COMMERCE · CLASS 11th · Tamil Nadu State Board

Practice Chapter 29: Elements of Contract with a free chapter-wise online MCQ test for Tamil Nadu State Board CLASS 11th COMMERCE. This chapter covers: Exploring legal foundations under the Indian Contract Act this chapter details essentials of a valid contract. Students study offer acceptance consideration capacity legal object a.... AI-generated questions from basic to board-exam level, with instant results and explanations.

Questions

20m

Time Limit

Attempts Left

10 random questions from this chapter (mixed difficulty)
Questions you've seen before won't repeat until the pool resets
You have 20 minutes — exam auto-submits when time is up
Maximum 3 attempts per chapter
Results and explanations shown immediately after submission

New here? Register free — includes 3 free chapter exams.

Chapter 29: Elements of Contract — Important Questions & Answers (FAQ)

Frequently asked questions from Tamil Nadu State Board CLASS 11th COMMERCE — Chapter 29: Elements of Contract, with answers and explanations. These are sample questions; the exam has its own separate question set.

According to Section 2(h) of the Indian Contract Act, 1872, an agreement enforceable by law is a ________.

A. Void agreement
B. Contract ✓
C. Proposal
D. Voidable contract

Answer: B. Contract
Section 2(h) defines a contract as an agreement enforceable by law.

Which of the following is NOT an essential element of a valid contract?

A. Free consent
B. Lawful object
C. Registration of the contract ✓
D. Competency of parties

Answer: C. Registration of the contract
Registration is not a mandatory legal requirement for the formation of a general valid contract under the Indian Contract Act.

If 'A' offers to sell his car to 'B' for Rs. 50,000 and 'B' agrees, this results in a ________.

A. Proposal
B. Void agreement
C. Promise ✓
D. Counter-offer

Answer: C. Promise
When the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted and becomes a promise.

Analyze the following: A promises to pay B Rs. 10,000 if B kills C. This contract is ________.

A. Valid
B. Voidable
C. Illegal and void ✓
D. Enforceable

Answer: C. Illegal and void
The object of this agreement is criminal in nature, making the contract illegal and void ab initio.

Which of the following scenarios constitutes a 'Counter-offer'?

A. A offers to sell a watch for Rs. 500, B says 'I accept'.
B. A offers to sell a watch for Rs. 500, B says 'I will buy it for Rs. 400'. ✓
C. A offers to sell a watch, B asks 'What is the condition of the watch?'.
D. A offers to sell a watch, B agrees to buy at Rs. 500.

Answer: B. A offers to sell a watch for Rs. 500, B says 'I will buy it for Rs. 400'.
A counter-offer occurs when the offeree changes the terms of the original offer, effectively rejecting the original offer and creating a new one.

← Previous Chapter

Chapter 28: Balance of Trade and Balance of Payments

Next Chapter →

Chapter 30: Performance of Contract