Study each of the following cases carefully. Briefly state the principle of law and your decision. Illegal Agreement Jasons decided to declare bankruptcy because his financial situation was desperate and his

Study each of the following cases carefully. Briefly state the principle of law and your decision.
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:
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Decision:
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