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Dick Ives, a wealthy New Yorker, and Anne Vincent, a beautiful and liberated young woman, are lovers. Despite Dick's eagerness to marry Anne, she refuses, afraid to lose the romance in their relationship. When they learn from their friend Georgie Evans and from Dick's father that they have become the subject of scandal, the couple succumbs to social pressure and marries. Their wedding is threatened by one of Anne's ex-lovers, Price Baines, who begs her to reconsider, but Anne refuses to leave Dick. Price tells Anne that he will be waiting when she tires of marriage. After a year of marriage, Dick and Anne are taking each other for granted, and Dick starts seeing another woman, Margie True, who has always been in love with him. Anne learns about his affair when she goes to a nightclub with friends Georgie and Helen Dukie Childes and sees Dick with Margie. Later, he lies to Anne about it, and deeply hurt by his actions, she leaves him and takes her own apartment. Dick and Anne continue to see each other, but when he finds Price at Anne's apartment one day, he begs her to come home with him. When Anne refuses, Dick tells her that from now on he will live his life with complete freedom. Dick plans to go abroad with Margie, but at the last minute he returns to Anne, and they resolve never to separate.