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the corporation's inventory. The inventory, consisting of small items, constant over. The security documents are complex and if improperly drawn they could in an invalid
the corporation's inventory. The inventory, consisting of small items, constant over. The security documents are complex and if improperly drawn they could in an invalid lien. The bank has approved the loan on the condition that the corporation and the bank jointly retain an attorney to prepare the necessary : instruments and that the corporation pay the attorney's fees. Both the corpor and the bank gave informed consent in writing to the attorney's representatic both parties. This arrangement is customary in the city in which the attorney' office and the bank are located. It is obvious to the attorney that he can adeq represent the interests of both the corporation and the bank. Is it ethically proper for the attorney to prepare the security documents unde circumstances? )Yes, because both the bank and the corporation have given their informed consent to the arrangement. Yes, because the arrangement is customary in the community. O No, because the attorney's fees are being paid by the corporation, not the No because the corporation and the bank have conflicting interacts
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