In _____________, the Court, rejecting a Contracts Clause challenge to a state law regulating natural gas prices, recognized that the prohibition of laws impairing the obligation of contracts must be balanced against a state's "inherent police power to safeguard the vital interests of its people."
A) Allied Structural Steel Company v. Spannaus (1978)
B) United States Trust Company v. New Jersey (1977)
C) Home Building and Loan Association v. Blaisdell (1934)
D) Energy Reserves Group v. Kansas Power & Light (1983)
Correct Answer:
Verified
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