THE COURT FOUND THE GOLD CLAUSE IN THE COMMERCIAL LEASE TO BE ENFORCEABLE. THOUGH CONGRESS HAD PASSED LEGISLATION IN 1933 PROHIBITING ENFORCEMENT OF CONTRACTUAL TERMS TYING CONTRACT VALUE TO THE GOLD STANDARD, 48 STAT. 112, 113 (1933) (FORMERLY CODIFIED AT 31 U.S.C. § 463), CONGRESS DETERMINED IN 1977 THAT OBLIGATIONS ENTERED INTO AFTER 1977 WOULD BE ENFORCEABL

 

THE COURT FOUND THE GOLD CLAUSE IN THE COMMERCIAL LEASE TO BE ENFORCEABLE. THOUGH CONGRESS HAD PASSED LEGISLATION IN 1933 PROHIBITING ENFORCEMENT OF CONTRACTUAL TERMS TYING CONTRACT VALUE TO THE GOLD STANDARD, 48 STAT. 112, 113 (1933) (FORMERLY CODIFIED AT 31 U.S.C. § 463), CONGRESS DETERMINED IN 1977 THAT OBLIGATIONS ENTERED INTO AFTER 1977 WOULD BE ENFORCEABL