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.\nCode 1919, § 5764.
Virginia Legal Code
§ 11.11
Source: https://law.lis.virginia.gov/vacode/11-11/· Version 2026