Grimes promised to give Marks, his niece, $500 if she (Marks) promised to give up smoking for six months. Marks did promise to do so. At the end of six months, since Marks did not smoke, she received the $500 from Grimes. This is an example of an

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An express, bilateral, executed contract is one in which both parties make promises and both parties have fulfilled their promises. In this case, Grimes promised to give Marks $500 if she promised to give up smoking for six months. Marks promised to do so, and she did. Therefore, this is an example of an express, bilateral, executed contract.

Grimes Promised to Give Marks, His Niece, $500 If She