Which of the Following Is True of the Contract Clause

question 4

Multiple Choice

Which of the following is true of the Contract Clause?

• A) It applies to laws that impair contracts made after the law's passage.
• B) It imposes tougher standards on government contracts than on private contracts.
• C) It does not apply to government contracts.
• D) It has gradually increased in importance from the 19^th century to the 20^th century.

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Definitions:

Holder In Due Course

A person who has obtained a negotiable instrument in good faith, for value, and without notice of any defects, thereby having certain legal protections.

Claim In Recoupment

A legal claim or defense allowing a defendant in a lawsuit to assert a right to reduce the amount of damages owed by claiming a corresponding claim against the plaintiff.

Good Faith

The honest intention to act without taking an unfair advantage over another party, often an underlying principle in contracts.

Authenticity

The quality of being genuine or not counterfeit, and the verification of something as being true or legitimate.