Rhonda entered into an agreement with her friend, Nancy, in an attempt to establish a regular exercise program. According to their agreement, Nancy pays Rhonda $1 every day that she exercises for at least 30 minutes after work. If she fails to do so, Rhonda must pay Nancy $1. This is an example of

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This scenario describes a contingency contract, which is a formal agreement between two or more people that outlines the specific behaviors that are expected, the consequences for those behaviors, and how those consequences will be delivered. In this case, the agreement outlines the specific behavior of exercising for at least 30 minutes after work, and the consequence is either receiving or paying $1.

Rhonda Entered into an Agreement with Her Friend, Nancy, in an Attempt