Question

A clause in an advisory agreement that limits an investment advisers liability for the advisers gross negligence or willful malfeasance is: unenforceable under state law

Answer 1

Hold harmless clause

Step-by-step explanation:

A hold harmless clause is a provision stated clearly in an agreement which allows one party or the both parties too accept not to hold the other person at ransom no matter the kind of damage, loss, or legal liability experienced in the course of the agreement. In other words, this clause indemnifies the both parties involved on a reciprocal or unilateral basis.