It is essential to the existence of a contract that there should be:
1. Parties capable of contracting;
2. The consent of the parties;
3. A lawful object; and 4. Sufficient cause or consideration.
N.D. Cent. Code § 9-01-02
Requisites of contract
Applied in 1 court decision — leading case Jacam Chemical Co. 2013, LLC v. Arthur Shepard, Jr. (2024)
Most recently applied in Jacam Chemical Co. 2013, LLC v. Arthur Shepard, Jr. (May 2024)
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.