Re: T & N Limited

Re: T & N Limited is a legal case that clarifies principles related to contract law, specifically regarding the validity of modifications to an existing agreement. The case established that when parties agree to change a contract, those changes must be supported by fresh consideration (something of value exchanged). If a party promises to do something additional or different without new consideration, that promise may not be enforceable. In essence, the case emphasizes the importance of mutual exchange when altering contractual obligations, ensuring modifications are legally binding only when supported by new, agreed-upon value.