Compromise by creditor with co-obligor, etc.

1. Law
2. Code of Virginia
3. Contracts
4. Compromise and Satisfaction
5. 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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