Frank Klesner served as a promoter for the formation of a corporation that eventually came to be known as Aerospin , Inc. The board of directors of Aerospin , Inc., held an initial organization mee ting at which they were asked to ratify several contracts that Klesner had made on behalf of the corporation before the corporation had actually been formed. One of the contracts involved the purchase of an office building in downtown Billings, Montana. Rudy Lawn bridge, one of the directors, knew of an office building that Aerospin , Inc., could get for much less than the price paid for the building purchased by Klesner. Lawn bridge also knew that because the co n tract for the Billings building did not include a release clause, Aerospin , Inc., did not have to adopt the co n tract. Legally, Lawnbridge is correct, but is it ethical for the board of Aerospin , Inc., to abandon Klesner in this manner? Explain.