Answer: Yes!
Explanation: The lawyer should advise him to keep the records in case the company gets sued. According to the American Bar Association model rules of professional conduct, lawyers should never counsel a person to get rid of a material that has potential evidentiary value. Even though there's no certainty that the company will be sued, there are good chances that it will. So, the president must preserve the records until he is certain that the dishwasher in question was not his company's product.