17 Dec
2003
17 Dec
'03
5:17 p.m.
"Claborne, Chris" says:
If I my e-note instructed the bank to deposit some funds into a numbered account of my supplier, then I have no proof that that transaction was actually going to supplier X.
You have proof that you sent funds to the stated account. Presumably, if you are sufficiently interested, you would have a contract with your vendor, signed by them, stating that they wanted to be paid that way. If for some reason that was not possible or insufficient, you could use a mutually selected agent and an excrow account of some sort. Perry