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X signs a contract, stating that he sold and delivered one IPOD to Y for $10,000 in cash. X did this to put the IPOD

X signs a contract, stating that he sold and delivered one IPOD to Y for $10,000 in cash. X did this to put the IPOD out of reach of his creditor Z, and he did not receive the $10,000 as a result. Can the contract be validated? Why

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