Code of Virginia § 11-11. Crediting contract; surety.
61 words·~1 min read·
/va/title-11/chapter-2/11-11A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When such compounding or compromise is made, the contract or obligation shall be credited with a full share of the party released, except where the compounding or compromise is with a surety or cosurety, and in that case, as between the creditor and principal, the credit shall be for the sum actually paid by the compounding debtor.
Code 1919, § 5764.