Which of the following is true of the Contract Clause?

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Article I,Section 10 of the Constitution states: "No State shall ...pass any ...Law impairing the Obligation of Contracts." Known as the Contract Clause,this provision deals with state laws that change the parties' performance obligations under an existing contract after that contract has been made.In two early 19^th-century cases,the Contract Clause was held to protect the obligations of governmental contracts.The Contract Clause probably was the most important constitutional check on state regulation of the economy for much of the 19^th century.By the mid-20^th century,most observers treated the clause as being of historical interest only.

Which of the Following Is True of the Contract Clause