Fact Pattern Mutual Company Enters into a Contract to Employ Neil as Employ

question 11

Multiple Choice

Fact Pattern
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 10-A1.With respect to Mutual's duties,Neil's performance most likely

• A)discharges Mutual from the contract.
• B)has no effect on Mutual's performance.
• C)increases Mutual's duties under the contract.
• D)suspends Mutual's duty to perform.

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Definitions:

Questionable Conduct

Actions or behaviors that raise doubts about ethical standards, legality, or appropriateness.

Reluctant

Feeling or showing hesitation or unwillingness to do something.

Ethical Conflict

A situation where an individual faces a choice between different courses of action, which are informed by competing sets of moral values.

Ethical Dilemma

A situation in which a difficult choice has to be made between two or more alternatives, especially ones that are equally undesirable from an ethical or moral standpoint.