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

Multiple Choice

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.