Code of Virginia - Title 11 Contracts - Chapter 2 Compromise And Satisfaction

• 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 ...
• 11-11 Crediting contract; surety
  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 ...
• 11-12 Part performance extinguishing obligation
  Part performance of an obligation, promise or undertaking, either before or after a breach thereof, when expressly accepted by the creditor in satisfaction and rendered ...
• 11-13 Right of contribution not affected
  Nothing contained in §§ 11-10 through 11-12 shall affect or impair the right of contribution between joint contractors and co-obligors. (Code 1919, § 5766.) ...

Last modified: April 2, 2009