1. In Home Building and Loan Association v. Blaisdell (1934) the Supreme Court ruled the Minnesota Mortgage Moratorium Act, which extended the time period in which borrowers could pay back their debts on property to lenders, as unconstitutional, noting that the law was a violation of the Contracts Clause.

TRUE OR FALSE

2. Which of the following statements about the applicability of the Takings Clause is true?

		Today the Takings Clause applies only to the actions of the federal government and not to the actions of state and local governments.
		Today the Takings Clause applies only to the actions of state and local governments and not to the actions of the federal government.
		The requirements of the Takings Clause originally applied only to state and local governments, but in Chicago, Burlington, and Quincy Railroad v. Chicago (1897) the Supreme Court ruled that the clause also applies to the federal government.
		The requirements of the Takings Clause originally applied only to the federal government, but in Chicago, Burlington, and Quincy Jones Railroad Company v. Chicago (1897), the Supreme Court ruled that the clause also applies to the states.