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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Section 1

Citation
Section 1
Parent Document
Thorpe v. Housing Authority of Durham, 393 U.S. 268 (1969)
Effective Date
1969-02-24

Other Sections in This Document (147)

Full Text

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Although the constitutional prohibition of the impairment of contracts, U. S. Const. Art. I, § 10, applies only to the States, we have held that “[v]alid contracts are property, whether the obligor be a private individual, a municipality, a State or the United States. Rights against the United States arising out of a contract with it are protected by the Fifth Amendment.” Lynch v. United States, 292 U. S. 571, 579 (1934).