California Codes, Civil Code - CIV, Division 3 — Obligations, Part 2 — Contracts, Title 1 — Nature of a Contract, Chapter 1 — Definition, Section 1550
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. A sufficient cause or consideration.
Notes
Establishes four requirements for a contract to exist: parties capable of contracting, their consent, a lawful object, and sufficient cause or consideration. Each listed element is essential to contract formation, so the provision treats capacity, consent, lawful purpose, and consideration as necessary components of an enforceable contractual relationship.
Use as reference
Lexinter.net | California Code, Civil Code - CIV § 1550 | https://laws.lexinter.net/codes/california/civil-code/division-3/part-2/title-1/chapter-1/section-1550