CODE OF VIRGINIA

CREDITING CONTRACT; SURETY (§ 11-11)

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.

HISTORY: Code 1919, § 5764.