Bernie Nohave is operating a scheme whereby investors' money is purportedly utilized to buy AIDS drugs in Africa. The money is then deductible as a charitable donation for tax purposes. Tom invests in this scheme to generate tax losses knowing that medicine is not being purchased. Is the contract valid? Question 46 options: No, everyone knows that Bernie is bankrupt. No, this transaction is ultra vires Bernie Nohave's corporation. No, the subject matter of the contract is illegal. No, there is no consideration