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? of end to dans ybure Principle of Law: notarsh 2BW onillA now Decision