1. has asked you to determine whether it is possible for a franchisor to have a degree of control over its franchisees consistent with a master-servant relationship without a master-servant relationship arising as a matter of law.

What considerations should McDonalds take into account in forging franchise agreements that ensure uniformity of content and customer experiences without triggering a master-servant relationship between McDonalds and its franchisees?

2. Should corporate governance law seek to create incentives for shareholder participation or recognize the limitations of shareholder participation and primarily rely on substantive restrictions on management and corporate boards? Please make your argument with reference to specific examples from throughout the course.