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38. Illegal Agreement Jasons decided to declare bankruptcy because his financial situation was desperate and his only property was a nearly new car worth about

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38. Illegal Agreement Jasons decided to declare bankruptcy because his financial situation was desperate and his only property was a nearly new car worth about $14,000. In an attempt to conceal the value of his property, he sold the car to his friend Dane for $2,000. He planned to buy the car back from Dane when the bankruptcy proceedings were concluded. Is the sale of the car a valid contract? Why or why not? Principle of Law: Decision: by he Hebast ed) onANY olmenorman sill lo sauBond Dov anw Jatiplay

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