Question

In: Accounting

How does the distinction of fully, partially, and undisclosed agencies work to protect innocent third parties?

How does the distinction of fully, partially, and undisclosed agencies work to protect innocent third parties?

Solutions

Expert Solution

The work done by fully, partially and undisclosed agencies to protect the interests of innocent third parties have been very helpful to these third parties. Full agencies re those which work fulltime for the benefit of the third parties thus, these organizations have worked by providing necessary information and guiding the third parties while they are in the process of being involved in financial transactions with principle.

Partially agencies are those which do not work full time thus, these are agencies which provide information to the innocent third parties to inform them about the various financial transactions which could be detrimental to their interests.

Undisclosed agencies are neither provide information nor guide the innocent third parties these agencies only issue general information about the various risks associated with different financial transaction to inform third parties about the possible impacts of different financial transactions.   


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