Insurance Terms & Concepts

Which of the following is NOT one of the elements essential to the existence of a contract?

Answer

A notarized signature

The essential elements are parties capable of contracting, their consent, a lawful object, and a sufficient cause or consideration. Notarization is not one of them.

Source: Cal. Civ. Code §1550

Not the answer

  • Parties capable of contracting
  • The parties' consent
  • A lawful object

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