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

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.