HSC Commerce Class 11 - Tamil Nadu Board of Secondary Education Question Bank Solutions for Commerce

Explain the advantages of MSMEs?

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Retailers deal in ______ quantity of goods.

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Small shops which deal in a particular line of products are called as ______

What is Retailing?

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A ______ is a mercantile agent to whom goods are entrusted for sale by a principal and takes physical possession of the goods but does not obtain ownership.

What do you understand by channels of distribution?

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An agreement enforceable by law is a ______

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Every promise and every set of promises, forming the consideration for each other, is an ______

Can a minor enter into a Contract?

Who can enter into a Contract?

Define Contract.

What do you mean by Agreement?

What do you mean by Revocation?

Who is a promisor, promisee?

Difference between Contract and Agreement.

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On the valid performance of the contractual obligations by the parties, the contract ______

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A, B, C jointly promised to pay ₹ 50,000 to D. Before the performance of the contract, C dies. Here, the contract ______

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Which of these parties cannot demand performance of promise?

State the ways of Performing a Contract.

By whom must contracts be performed?