53-1-2. Essential elements of contract.
26 words·~1 min read·
/sd/title-53/chapter-53-1/53-1-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Elements essential to existence of a contract are:
(1)Parties capable of contracting;
(2)Their consent;
(3)A lawful object; and
(4)Sufficient cause or consideration.