Ogden v. Saunders
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Ogden v. Saunders, 25 U.S. 213 (1827), was a case that determined the scope of a bankrupcy law in contrast to a clause of the Constitution of the United States.
Parties Involved
- Saunders: A citizen of Kentucky demanding payment in accordance with a contract.
- Ogden: A citizen of Louisiana who lived in New York at the signing of the contract, and claimed bankruptcy as a defense under a New York bankruptcy law passed in 1801.
Ruling
The main issue of the case was whether or not the New York law violated the Obligation of Contracts Clause of the Constitution. The court ruled that the law did not violate the Constitution, rather it altered the conditions of the contract in accordance with its statutes. The law did not hinder the fulfillment of the contract, it just impaired it.
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