Is 12 the Maximum Result in Morale?

[cjsiam]

that's interesting....
I don't resolve it that way....

He's doing DR + Modifier > Morale

You're doing DR > Morale - Modifier

It's the same thing in the end.

Also, same with Peter, there's nothing in the rules to cap morale. It ends up where it ends up after all DRMs.

Commutative property of Addition you mean?  
And I think the 14.5 means that 10 is the BEST morale value you could get......
(I've seen 11 morale officers in some counter sheets----so ....with V4.   they still roll as 10---but can suck up subtractions better.....
for an 11 officer: A clean roll is <= 10 pass (11 disrupted!)
                         An M1 <= 10 pass
                         An M2 <= 9 pass

So the 11 helps---but you still have a 1/12th chance to disrupt.

Interesting that a 10 leader NEVER demoralizes on a clean roll.....