Hello Nikita10,
I believe it?s Article. I, Section 10 , Clause 1
Section 10
Clause 1: No State shall enter into any Treaty, Alliance, or
Confederation; grant Letters of Marque and Reprisal; coin Money; emit
Bills of Credit; make any Thing but gold and silver Coin a Tender in
Payment of Debts; pass any Bill of Attainder, ex post facto Law, or
Law impairing the Obligation of Contracts, or grant any Title of
Nobility.
THE UNITED STATES CONSTITUTION http://www.house.gov/Constitution/Constitution.html
Section 10 - Powers prohibited of States
?No State shall enter into any Treaty, Alliance, or Confederation;
grant Letters of Marque and Reprisal; coin Money; emit Bills of
Credit; make any Thing but gold and silver Coin a Tender in Payment of
Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing
the Obligation of Contracts, or grant any Title of Nobility.?
http://www.usconstitution.net/const.html
U.S. Constitution Online
http://www.usconstitution.net/const.html
The Contract Clause
?The contract clause was, in the nineteenth century, the subject of
much contentious litigation. It was first interpreted by the Supreme
Court in 1810, when Fletcher v. Peck was decided. The case involved
the Yazoo land scandal, in which the Georgia legislature authorized
the sale of land to speculators at low prices. The bribery involved in
the passage of the authorizing legislation was so blatant that a
Georgia mob attempted to lynch the corrupt members of the legislature.
Following elections, the legislature passed a law that rescinded the
contracts granted by the corrupt legislators. The validity of the
annulment of the sale was questioned in the Supreme Court. In writing
for a unanimous court, Chief Justice John Marshall asked, "What is a
contract?" His answer was: "a compact between two or more parties."
Marshall argued that the sale of land by the Georgia legislature,
though fraught with corruption, was a valid "contract". He added that
the state had no right to annul the purchase of the land, since doing
so would impair the obligations of contract.?
Wikipedia
http://en.wikipedia.org/wiki/Article_One_of_the_United_States_Constitution
Search terms:
The United States Constitution + contracts
The United States Constitution contract clause two parties
I hope this helps!
Best regards,
Bobbie7 |
