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What is Prospective vs. Retroactive Law Analysis about?
The document discusses the principles of prospective and retroactive application of statutes. It provides examples of cases where statutes were applied prospectively only because retroactive application would impair vested rights, affect past transactions, or interfere with obligations of contracts. Procedural laws are generally applied retroactively while substantive laws are applied prospectively only unless otherwise stated. A vested right accrued under an old law cannot be impaired by a subsequent statu
- Author
- Vic Rabaya
- Language
- EN