Question: ESSAY: Direction: Explain the following statements/question in not less than 5 sentences. Exercise 1: David lawyer, sets up a small loan company specializing in loans

ESSAY: Direction: Explain the following statements/question in not less than 5

sentences. Exercise 1: David lawyer, sets up a small loan company specializing

ESSAY: Direction: Explain the following statements/question in not less than 5 sentences. Exercise 1: David lawyer, sets up a small loan company specializing in loans to business executives and small companies. David does not spend much time in the business because he spends full time with his law practice. No employees of David Law firm are involved in the small loan company. Identify and discuss the ethical implications of David's act. Exercise 2: What is "interlocking directorship" and why could it lead to unethical actions of a member of the board of the directors

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