answer early as soon as possible please

Navkirat and Kim, who are best friends, dream about opening a business together. One evening, they sketch out their business plan on a piece of paper. They come up with a plan about who will do what, and how much money each will contribute. Although they are not 100% sure that they will proceed at this stage, they are serious. A few weeks later, they formalize a partnership agreement in writing. After they have signed, but before they start the business (some money and time have been committed - under $10,000) Kim backs out of the arrangement. Navkirat and Kim, who are best friends, dream about opening a business together. One evening, they sketch out their business plan on a piece of paper. They come up with a plan about who will do what, and how much money each will contribute. Although they are not 100% sure that they will proceed at this stage, they are serious. A few weeks later, they formalize a partnership agreement in writing. After they have signed, but before they start the business (some money and time have been committed - under $10,000) Kim backs out of the arrangement