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Virginia Code Title 11. Contracts § 11-11. Crediting contract;  surety

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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.

Cite this article: - Virginia Code Title 11. Contracts § 11-11. Crediting contract;  surety - last updated January 01, 2020 |

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