If you have signed a “promissory note”, do you have to pay it if you where under extreme pressure from the loss prevention person enforcing it?

I worked for a retail chain about 2 years ago, I was fired for loss prevention issues, under extreme pressure I signed a “promissory note” for almost $6,000 I felt like I was forced to sign it, now there threatening to take further action and I dont know what I should do?

Asked on July 12, 2012 under Bankruptcy Law, Missouri

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

If you signed a promissory note for $6,000 under duress with respect to loss prevention issues under the law of all states it is presumed that you received something of value that you are obligated to repay.

If you do not want to pay on the note you can refuse to do so under the grounds of duress. You need to be aware that there may be an attorney's fee clause on the note. I suggest that you consult with an attorney that practices in the area of consumer law to further assist you in the matter you are writing about.


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