Since the orcs were corrupted elves in the beginning, and if elves were considered to have a soul(were they?), then orcs would still have a soul. From what I've seen, Morgoth could not destroy anything that had been created, neither could he create. He could only corrupt. So, the orcs would have souls, corrupted though they may have been. That said, they would be considered to be rational beings.
Being rational, they would have a choice to live evilly or not. (I do believe that every person has some evil inherent in their natures, but this is a personal belief.) The orcs chose to behave evilly, even though they were intimidated and maligned.
So, I would conclude that any race could fall into evil if enough of the people chose to live that way continually. Because of the inherent evil in the soul, every race has the potential for evil.
Peace
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'Dulaman na Binne Bui, Dulaman Gaelach/ Dulaman na farraige, 's e b'fhearr a bhi in Eirinn!'
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