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Chapters
2: Objectives of Business
3: Classification of Business Activities
4: Sole Proprietorship
5: Hindu Undivided Family and Partnership
6: Joint Stock Company
7: Cooperative Organisation
8: Multi National Corporations (MNCs)
9: Government Organisation
10: Reserve Bank of India
11: Types of Banks
12: Functions of Commercial banks
13: Warehousing
14: Transportation
15: Insurance
16: Emerging Service Business in India
17: Social responsibility of business
18: Business Ethics and Corporate Governance
19: Sources of Business Finance
20: International Finance
21: Micro, Small and Medium Enterprises (MSMEs) and Self Help Groups (SHGs)
22: Types of Trade
23: Channels of Distribution
24: Retailing
25: International Business
26: Export and Import Procedures
27: Facilitators of International Business
28: Balance of Trade and Balance of Payments
▶ 29: Elements of Contract
30: Performance of Contract
31: Discharge and Breach of a Contract
32: Direct Taxes
33: Indirect Taxation
![Samacheer Kalvi solutions for Commerce [English] Class 11 TN Board chapter 29 - Elements of Contract - Shaalaa.com](/images/commerce-english-class-11-tn-board_6:5f2b1b2038084cf381bfa42c826a928c.jpg "Samacheer Kalvi solutions for Commerce [English] Class 11 TN Board chapter 29 - Elements of Contract")
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Solutions for Chapter 29: Elements of Contract
Below listed, you can find solutions for Chapter 29 of Tamil Nadu Board of Secondary Education Samacheer Kalvi for Commerce [English] Class 11 TN Board.
Samacheer Kalvi solutions for Commerce [English] Class 11 TN Board 29 Elements of Contract Exercises [Page 303]
Choose the Correct Answer.
An agreement enforceable by law is a ______
Enforceable acceptance
Accepted offer
Approved promise
Contract
Choose the Correct Answer.
Every promise and every set of promises, forming the consideration for each other, is an ______
Agreement
Contract
Offer
Acceptance
Choose the Correct Answer.
Void agreement signifies ______
Agreement illegal in nature
Agreement not enforceable by law
Agreement violating legal procedure
Agreement against public policy
Choose the Correct Answer.
Acceptance to be a valid must ______
Be absolute
Be unqualified
Both be absolute & unqualified
Be conditional
Choose the Correct Answer.
A contract with or by a minor is a ______
Valid contract
Void contract
Voidable contract
Voidable at the option of either party
Very Short Answer Questions
What is law?
Why should one know the law?
Can a minor enter into a Contract?
Who can enter into a Contract?
Define Contract.
Short Answer Questions
Define Offer.
What do you mean by Agreement?
Define a Voidable Contract.
What do you mean by Revocation?
Who is a promisor, promisee?
Long Answer Questions
Explain the essentials of a Valid Contract
Difference between Contract and Agreement.
Explain the classification of Contract on the basis of the Validity
Explain the classification of Contract on the basis of the Formation.
Explain the classification of Contract on the basis of the Performance.
Solutions for 29: Elements of Contract
Samacheer Kalvi solutions for Commerce [English] Class 11 TN Board chapter 29 - Elements of Contract
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Concepts covered in Commerce [English] Class 11 TN Board chapter 29 Elements of Contract are Meaning and Definition of the Indian Contract Act, Essentials of a Valid Contract, Classification of Contract.
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