11-11 - Crediting contract; surety. - Virginia Statutes

§ 11-11. Crediting contract; surety.

When such compounding or compromise is made, the contract or obligation shallbe credited with a full share of the party released, except where thecompounding or compromise is with a surety or cosurety, and in that case, asbetween the creditor and principal, the credit shall be for the sum actuallypaid by the compounding debtor.

(Code 1919, § 5764.)