Code of Virginia - Title 11 Contracts - Section 11-10 Compromise by creditor with co-obligor, etc

§ 11-10. Compromise by creditor with co-obligor, etc

A creditor may compound or compromise with any joint contractor or co-obligor, and release him from all liability on his contract or obligation, without impairing the contract or obligation as to the other joint contractors or co-obligors.

(Code 1919, § 5763.)

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Last modified: April 2, 2009