| Front | 3F. State Powers: Limits on SP: Contracts Clause |
|---|---|
| Back | Art. 1, Sec. 10 prohibits any state "law impairing the obligation of contracts" A state may not undo its own contractual obligations A state may not pass a law that retroactively effects a severe change in contractual circums unless law is necessary to solve broad economic or social problem (EX: moratorium on mortgage foreclosures during Depression was upheld) Contracts Clause will not invalidate a state law which has only indirect effects on contracts. |
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