It is essential to the existence of a contract that there should be:
1. Parties capable of contracting.
2. Their consent.
3. A lawful object; and, 4. Sufficient cause or consideration.
Requisites of a contract
Known as the Sales Representatives Recognition Act
The act spans §§ 15–15 (2 sections).
R.L.1910, § 876.
It is essential to the existence of a contract that there should be:
1. Parties capable of contracting.
2. Their consent.
3. A lawful object; and, 4. Sufficient cause or consideration.
Official source: Oklahoma Legislature. Reproduced from public-domain Oklahoma statutes; confirm against the official source for the current text. Not legal advice.