What is the major difference between the franchisee–franchisor relationship and the agent–principal relationship? How is the agency relationship used in a corporation and a partnership?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter13: Choice Of Business Entity—general Tax And Nontax Factors/formation
Section: Chapter Questions
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What is the major difference between the franchisee–franchisor relationship and the agent–principal relationship? How is the agency relationship used in a corporation and a partnership?

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