Definition of IMPAIRING THE OBLIGATION OF CONTRACTS


IMPAIRING THE OBLIGATION OF CONTRACTS

rsal law of nations, but it is the law of the state
where the contract is made. 12 Wheat. R. 213. Any law which
enlarges, abridges, or in any manner changes the intention of the
parties, resulting from the stipulations in the contract,
necessarily impairs it. 12 Wheat. 256; Id. 327; 3 Wash. C. C. Rep.
319; 8 Wheat. 84; 4 Wheat. 197.

4. The constitution forbids the states to pass any law impairing
the obligation of contracts, but there is nothing in that
instrument which prohibits Congress from passing such a law. Pet.
C. C. R. 322. Vide, generally, Story on the Const. 1368 to
1891 Serg. Const. Law, 356; Rawle on the Const. h. t.; Dane s Ab.
Index, h. t.; 10 Am. Jur. 273-297.

Source: Bouviers Law Dictionary 1856 Edition

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