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

question 10

Multiple Choice

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.

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Definitions:

Accountants

Professionals who perform financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual's financial operations.