Alliance Trust Co., Ltd. v. Hill

Because the opinion of the majority of the court follows the recent decision of the Supreme Court of the United States in Gelfert v. National City Bank, 313 U. S. 221, 85 L. Ed. 806, 133 A. L. R. 1467, without independent study, and because I think there is a fundamental error involved in the view adopted, I feel compelled to state my reasons for dissenting.

Herein, as the highest court of the state, we are required to construe and apply section 15 of art. II of our State Constitution, providing “. . . nor any law impairing the obligation of contracts, shall ever be passed.” I think the act…