Reply #3: U.S. Constitution: No state shall make a law impairing Obligation of contracts. [View All]

[Democrats_win]

http://en.wikipedia.org/wiki/Contract_Clause

From wikipedia:
The Contract Clause appears in the United States Constitution, Article I, section 10, clause 1. It 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. ”

The Contract Clause prohibits states from enacting any law that retroactively impairs contract rights. The Contract Clause applies only to state legislation, not court decisions....