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Fred states to Jim, Jim, I will promise to sell you my car for $5000 this Friday if you promise to pay me this Friday.

Fred states to Jim, Jim, I will promise to sell you my car for $5000 this Friday if you promise to pay me this Friday. Jim states, I promise. On Friday, Fred and Jim meet and exchange the monies and the car. Is this contract bilateral or unilateral, executory or executed, and express or implied? Analyze.

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