धारा 80

Section 80 of the Indian Contract Act deals with the effect of rescission on collateral transactions. The section states: "When a contract is rescinded, any collateral transaction which is dependent on the original contract is also rescinded, unless the parties agree to the contrary." The section aims to provide clarity on the effect of rescission on collateral transactions. The Supreme Court has held that collateral transactions are rescinded only if they are dependent on the original contract, and not if they are independent of the original contract.