Case Summaries

3535 A holdharmless agreement purporting to exculpate a party from fiduciary duties is not enforceable; buying and selling corporate stock are transactions that affect public interest, so a holdharmless clause in the buysell agreement purporting to exculpate a party from general tort liability is unenforceable.

NEUBAUER v GOLDFARB (Fiduciary Waiver) 108 CA4 47 [See: CorpC 204, 25401; CivC 1668; Tunkl v Regents 60 C2 92; Cohen v Kite Hill 142 CA3 642]

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2003 Case Summaries

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