Fact Pattern 12-1

question 32

Multiple Choice

Fact Pattern 12-1
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 12-1.Neil's performance is most likely

• A)a material breach.
• B)a minor breach.
• C)Mutual's breach.
• D)no breach.

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Definitions:

Manufacturing

The process of converting raw materials, components, or parts into finished goods that meet a customer's expectations or specifications.

Span Of Control

The number of employees supervised by a manager.

Supervised

Being under the oversight or direction of someone more experienced or in a position of authority.

Hierarchical

Organized in a system of levels with higher ranks or classes having authority over lower ones.