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Virginia Law

Code of Virginia

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Code of Virginia
Title 11. Contracts
Chapter 2. Compromise and Satisfaction
3/13/2025

§ 11-11. Crediting contract; surety.

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.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.