The Fletcher v. Peck Supreme court case held in the Marshall court was significant for a number of reasons. This cased was the first court case to strike down a state law on Constitutional grounds. This was a major milestone for the Supreme Court because it exemplified how in some cases, federal law overrides the decisions made at the state level. In other words the role of federalism played a huge role in the ruling of this particular case. Also, the Contract Clause in the United States Constitution was ratified and the importance of the clause in general grew in importance. Although in later years it was modified. but for nearly 100 years the Contract Clause served as a major barrier to state economic regulations and business corporations. In addition, the Supreme Court case made a bold statement about the vested rights of a citizen. This was very important because it demonstrated that citizens have the unconditional right to their property and that states cannot take that right from them with any contract, which in this case attempted.
In addition, this particular Supreme Court case served as a guide to other citizens when dealing with transactions of property. People would be more cautious when making agreements from that time on, in order to avoid any fraud or misconceptions of property. They would also ensure contracts and agreements between the parties involved are as locked down as possible. Overall, Fletcher v. Peck expanded the term "contract" and put limitations on state interference on property rights and contractual obligations.
In addition, this particular Supreme Court case served as a guide to other citizens when dealing with transactions of property. People would be more cautious when making agreements from that time on, in order to avoid any fraud or misconceptions of property. They would also ensure contracts and agreements between the parties involved are as locked down as possible. Overall, Fletcher v. Peck expanded the term "contract" and put limitations on state interference on property rights and contractual obligations.