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2018 Code of Virginia
Title 11 - Contracts
Chapter 2 - Compromise and Satisfaction
§ 11-11. Crediting contract; surety
Universal Citation: VA Code § 11-11 (2018)
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, ยง 5764.
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