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 16-1. 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 management of Mutual's investments constitute a material breach of the employment contract.

Mutual Company Enters into a Contract to Employ Neil as an Investment