Mike and Jim sign a contract for the sale of a banned Schedule A Narcotics Substance. Mike offers to sell Jim $4$ ounces of the substance for $$300.$ Jim accepts and they sign an agreement. This contract is:

Void, because it was over an illegal substance.

Voidable by Mike, because it was over an illegal substance.

Bilateral and valid since there was offer, acceptance, and consideration.

Unilateral and valid, since there was an offer, acceptance, and consideration.