Fact Pattern 17-A1 (Questions A9-A10 apply)
Mutual 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-A1.Neil's performance is most likely
A)a material breach.
B)a minor breach.
C)Mutual's breach.
D)no breach.

Question

Quizplus · Accepted Answer

Neil's frequent absences and inadequate performance in managing Mutual's investments would likely be considered a material breach of his employment contract. A material breach is a significant failure to perform a contractual obligation, and in this case, Neil's actions could potentially cause substantial harm to Mutual's financial interests.

Fact Pattern 17-A1 (Questions A9-A10 Apply)