  With the availability of high luminosity electron beam at the accelerators,
there is now the possibility of studying weak quasielastic hyperon production
off the proton, i.e. $e^-p \to \nu_e Y(Y=\Lambda,\Sigma^0)$, which will enable
the determination of the nucleon-hyperon vector and axial-vector transition
form factors at high $ Q^2$ in the strangeness sector and provide test of the
Cabibbo model, G-invariance, CVC, PCAC hypotheses and SU(3) symmetry. In this
work, we have studied the total cross section, differential cross section as
well as the longitudinal and perpendicular components of polarization of the
final hyperons ($ \Lambda$ and $\Sigma^0$ produced in these reactions) and
presented numerical results for these observables and their sensitivity to the
transition form factors.
