Yup to both of you. But all of this is to say, running shellscripts as root (in particular) needs to be done with extreme care, because if people forget those precautions when writing C, they sure as heck don’t trouble themselves to do it when they’re writing shell.
I remember the time (around 2001-2002) when just about every binary was discovered to have some variant on this exact exploit. I happened to be linux sysadmin for a very large, high-profile set of linux boxes at the time. Happy times.
Unless you do open("/run/lock/foo.lock", O_WRONLY|O_CREAT|O_EXCL|O_NOFOLLOW)