Tom, a new client, emails with a question about the Uniform Partnership Act $($UPA$).$ Which of the following best describes the UPA? The UPA $q,$

establishes the maximum number of general partners allowed in a general partnership

governs partnerships in most states in the absence of an express agreement

establishes the maximum number of limited partners allowed in a general partnership

requires partners to disclose all business assets to the Internal Revenue Service $($IRS$)$

governs the bankruptcy procedure for all partnerships