Final answer:
J has a conditional contract, meaning the contract is only enforceable when certain conditions are met. These contracts are essential for providing legal recourse in the event of noncompliance, which is vital for economic transactions and growth.
Step-by-step explanation:
J has a policy that requires that he meet certain conditions in order for the contract to be enforceable. J has a conditional contract. In legal terms, a conditional contract is an agreement that is enforceable only when certain conditions are met. Contractual rights are based on property rights, allowing individuals and firms to enter into agreements with others regarding the use of their property, with the legal system providing recourse in the event of noncompliance. State governments, for instance, might be required to meet specific conditions to qualify for financial assistance in a particular policy area. Similarly, an employment agreement between a skilled surgeon and a patient dictates that the patient must pay for services rendered, with the legal system providing the surgeon with options to enforce this agreement and remedy any non-payment. Without these enforceable contracts, economic transactions would be at risk, potentially slowing economic growth due to the uncertainty and the inherent risks of non-payment.