I just read a blurb about companies wanting to use bank drafts to pay lease bonuses. It talks about the risk to the lessor and went on to say that while the company has 30 days or more to do research and decide if it wants to honor the draft depending on the information received. If the lessor has sent back the signed contract to the company at the time they deposited the draft for collection, the lessor runs the risk that the lease is recorded and then the draft not be honored. The article says then the only way to make things right is by hiring an attorney and suing. The article recommends requesting a cashier's check to guarantee that funds are available.
Anyone hear of owners getting ripped off like this?