According to the Uniform Partnership Act, the three key elements of any general partnership are (1) shares of stock to represent ownership, (2) limited liability, and (3) ease of ownership transfer.

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The Uniform Partnership Act does not require shares of stock to represent ownership, nor does it provide for limited liability. Instead, it emphasizes shared management and liability among partners, as well as ease of ownership transfer within the terms of the partnership agreement.

According to the Uniform Partnership Act, the Three Key Elements