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Explanation of No law impairing the obligation of contracts shall be passed?
Wiki User
∙ 10y ago
It means that a contract (which a right is established and an obligation is extinguished) executed by both parties, they are bound by it. If a new law was established that contradicts the contracts, they still have (parties) to performed what was stipulated in the contract.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoFrom Cecil Emnil Perez of Sorsogon..
it means that a contract that is already in place ( meaning created and signed) cannot be voided stated of law, simply put a binding of contract cannot be unbound due to any laws that contradicted it, if the law created after the contract was created.
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SEC.10 No law impairing the obligation of contracts shall be passed.
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Document that provided a lengthy explanation and justification of Richard Henry Lee resolution that was passed by Congress on July 2 1776?
Declaration of Independence
What term refers to the legislative act that inflicts punishments on a group or person without trail?
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