  We have studied the differential cross section as well as the longitudinal
and perpendicular components of polarization of final
hyperon($\Lambda$,$\Sigma$) produced in the antineutrino induced quasielastic
charged current reactions on nucleon and nuclear targets. The nucleon-hyperon
transition form factors are determined from the experimental data on
quasielastic $(\Delta S =0)$ charged current (anti)neutrino--nucleon scattering
and the semileptonic decay of neutron and hyperons assuming G--invariance,
T--invariance and SU(3) symmetry. The vector transition form factors are
obtained in terms of nucleon electromagnetic form factors for which various
parameterizations available in literature have been used. A dipole
parameterization for the axial vector form factor and the pseudoscalar
transition form factor derived in terms of axial vector form factor assuming
PCAC and GT relation extended to strangeness sector have been used in numerical
evaluations. The flux averaged cross section and polarization observables
corresponding to CERN Gargamelle experiment have been calculated for
quasielastic hyperon production and found to be in reasonable agreement with
the experimental observations. The numerical results for the flux averaged
differential cross section$\frac{d\sigma}{dQ^2}$ and
longitudinal(perpendicular) polarization $P_L(Q^2)(P_P(Q^2))$ relevant for the
antineutrino fluxes of MINER$\nu$A, MicroBooNE, and T2K experiments have been
presented. This will be useful in interpreting future experimental results on
production cross sections and polarization observables from the experiments on
the quasielastic production of hyperons induced by antineutrinos and explore
the possibility of determining the axial vector and pseudoscalar form factors
in the strangeness sector.
