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In this video tutorial, the speaker, Survey, explains the difference between void and voidable contracts. They start by defining a contract as an enforceable oral or written agreement between two parties that creates mutual obligations and outlines their rights and duties. A key component of a contract is an agreement, which is formed when one party makes an offer and the other party accepts it—essentially stating that an offer combined with acceptance leads to an agreement. The video seeks to clarify these foundational concepts before delving deeper into the distinctions between void and voidable contracts.
