Summary

Portrait of Samuel Freeman Miller Samuel Freeman Miller Curtis v. Whitney — Opinion of the Court

Nor does every statute which affects the value of a contract impair its obligation. It is one of the contingencies to which parties look now in making a large class of contracts, that they may be affected in many ways by State and National legislation. For such legislation demanded by the public good however it may retroact on contracts previously made, and enhance the cost and difficulty to performance, or diminish the value of such performance to the other party, there is no restraint in the Federal Constitution, so long as the obligation of performance remains in full force.
Source: Wikisource

Portrait of Samuel Freeman Miller Samuel Freeman Miller Curtis v. Whitney — Opinion of the Court

It must be conceded by all who are familiar with the vast disproportion between the value of the land and the sum for which it is usually bid off at such sales, and the frequency with which the whole proceeding is conducted to the making of the conveyance intended to pass the title without any knowledge on the part of the real owner, that the requirement is an eminently just and proper one.
Source: Wikisource

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