Based on an honest belief, an employer terminated a bookkeeper for embezzlement. The employer also...
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Accounting
Based on an honest belief, an employer terminated a bookkeeper for embezzlement. The employer also threatened to file a criminal complaint unless the bookkeeper agreed to repay the stolen funds. The bookkeeper, seeking to avoid criminal prosecution, agreed, and signed a promissory note payable to the employer in the amount of the embezzled funds. The bookkeeper subsequently admitted to having embezzled the money. Can the bookkeeper avoid the promissory note?
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