Okla. Stat. » Title 15 — CONTRACTS
Oklahoma Statutes

Okla. Stat. tit. 15, § 2 (2026)

Requisites of a contract

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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. R.L.1910, § 876.

Notes of Decisions
Cited in 48 cases (27 in the last 5 years), 1954–2026 · leading case: Arthur L. Black v. Baker Oil Tools, Inc., 107 F.3d 1457 (10th Cir. 1997).
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Arthur L. Black v. Baker Oil Tools, Inc., 107 F.3d 1457 (10th Cir. 1997). · cites it 4× “In evaluating the merits of such a claim, the Gilmore court reverted to the general contract principles articulated in Okla. Stat. Ann. tit. 15, § 2 (West 1996) (a contract requires: (1) parties capable of contracting; (2) their consent; (3) a lawful object; and (4) sufficient…”
Baker Hughes Inc. v. S&S Chem., LLC, 836 F.3d 554 (6th Cir. 2016). “” Okla. Stat. tit. 15, §2 . The parties in this case dispute only whether there was mutual consent to the terms of the Settlement.”
Clark v. Clark, 2002 OK CIV APP 96, 57 P.3d 95. · cites it 2× “2d 317, 319 ; 15 O.S.1991 §§ 2, 66. Plaintiff clearly did not agree to be bound by the arbitration agreement because he was neither a party thereto nor knew of its existence.”
Beck v. Reynolds, 903 P.2d 317 (Okla. 1995). · cites it 2× “That issue is not before this Court. Nonetheless, it is clear the parties thought the policy limits for all years of the PLICO coverage was $100,000.”
Parsia v. John E. Barbre Trust, 2021 OK CIV APP 36, 500 P.3d 667. · cites it 2× “See 15 O.S. §§2 & 51 (setting out the requisite elements for the formation of a contract); OUJI 23.”
Gilmore v. Enogex, Inc., 878 P.2d 360 (Okla. 1994). “15 O.S.1991 § 2. 40 . In Langdon, supra note 38 , 569 P.”
Ahs Staffing, LLC v. Quest Staffing Grp., Inc., 335 F. Supp. 3d 856 (E.D. Tex. 2018). “Thus, the Court will apply Oklahoma Law. Under Oklahoma Law, a valid contract requires "(1) parties capable of contracting, (2) their consent, (3) a lawful object, and (4) sufficient cause or consideration.”
Knox v. Oklahoma Gas & Elec. Co., 2024 OK 37, 549 P.3d 1260. · cites it 6× “3d 100, 113 (citing 15 O.S.2001, §2 and Christian v. Metropolitan Life Ins.”
Young v. Chappell, 2010 OK CIV APP 76, 239 P.3d 476. “The interlineation sentence, "This contract is subject to a count and physical inspection by Buyer," was unclear as to the party's intentions and the trial court interpreted this term by considering competent extrinsic evidence.”
Vice v. Conoco, Inc., 150 F.3d 1286 (10th Cir. 1998). “We analyze Vice’s contention that this letter constitutes a contract under the general principles of Oklahoma contract law. The existence of a contract requires (1) parties capable of contracting, (2) their consent, (3) a lawful object, and (4) sufficient consideration.”
Hampton v. Sur. Dev. Corp., 817 P.2d 1273 (Okla. 1991). “Okla.Stat. tit. 15, §§ 2, 51 (Okla.1991).”
Watkins v. Grady Cnty. Soil & Water Conservation Dist., 438 P.2d 491 (Okla. 1968). “Cancellation of Instruments § 27B (2), the text states the general rule thus: “Where a contract in writing is executed by only one of the parties, under a mistake as to a fact which is of the essence of the contract, the mistake constitutes a ground for a court of equity to…”
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Okla. Stat. tit. 15, § 2(2): 1 case
Magel v. Nuveen, 2023 OK CIV APP 13.
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.