Fact Pattern 17-1Mutual Company enters into a contract to employ Neil as an investment manager for two years. During the first year, Neil is often absent without explanation and when present fails to adequately monitor and manage Mutual's investments.
-Refer to Fact Pattern 17-1.Neil's performance is most likely
A) a material breach.
B) a minor breach.
C) Mutual's breach.
D) no breach.

Question

Fact Pattern 17-1Mutual Company enters into a contract to employ Neil as an investment manager for two years. During the first year, Neil is often absent without explanation and when present fails to adequately monitor and manage Mutual's investments.
-Refer to Fact Pattern 17-1.Neil's performance is most likely​ 
A) ​a material breach. 
B) ​a minor breach. 
C) ​Mutual's breach. 
D) ​no breach.

Quizplus · Accepted Answer

Neil's repeated absences and inadequate performance in managing Mutual's investments would likely be considered a material breach of his employment contract. This is because his actions significantly affect Mutual's ability to achieve its investment goals and fulfill its obligations to its customers.

Fact Pattern 17-1Mutual Company Enters into a Contract to Employ