On 30 June 2012,based on Probability Estimates How Many Employees

question 59

Multiple Choice

On 30 June 2012,based on probability estimates how many employees are expected to be employed by Windermere Ltd when the share vests?

• A) 78
• B) 82
• C) 88
• D) 90
• E) None of the given answers

---

Definitions:

Actual Authority

The power that an agent or representative has been formally given by a principal to conduct specific acts.

Apparent Authority

Apparent Authority deals with the perception by a third party that an agent has the power and authority to act on behalf of the principal, even if such authority hasn't been explicitly granted.

Time

In a general sense, it refers to the continued sequence of existence and events occurring in an irreversible succession from the past, through the present, to the future.

Principal

In law, the person who authorizes another (the agent) to act on their behalf.