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Sam and David, college students, have formed a bike-sharing enterprise that they are operating during the summer between their junior and senior year of college.

Sam and David, college students, have formed a bike-sharing enterprise that they are operating during the summer between their junior and senior year of college. Sam contributed $10,000, and Dave contributed $2,000. When senior year begins, they cease operating the business. 


What is the nature of their business? 


How will profits between the two be divided if they have not discussed this issue? Why?

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