Social, Policy, and Ethical Considerations 1. Does Ted have an ethical responsibility to inform Karla of the opportunity to renew the lease? 2. Does it matter that the renewal offer for the long-term lease was initially raised in a dinner conversation between Ted and James? 3. Should Ted be free to sever relations with Karla with regard to the property? Consider that Ted has man- aged the property and no longer needs Karla's capi- tal. What competing social values does his dilemma involve