Business Law: Valid Contract

This video tutorial covers the essential requirements for a valid contract, including legal capacity, legality, agreement, and consideration. It delves into the components of an agreement, such as the offer and acceptance, and explains the roles of the offeror and offeree. The tutorial also discusses the termination of offers, highlighting reasons like revocation, rejection, and counteroffers. Through examples and analogies, the video provides a comprehensive understanding of contract formation and the factors affecting it.

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