An investor who signs a note on behalf of a business is primarily liable and therefore has no right to reimbursement from the payee if the investor pays.

Name: An investor who signs a note on behalf of a business is primarily liable and therefore has no right to reimbursement from the payee if the investor pays.
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Question

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The investor, acting as a guarantor or surety by signing the note, has the right to seek reimbursement from the primary obligor (the business) if they end up paying on the business's behalf.

An Investor Who Signs a Note on Behalf of a Business