AtlasNow Construction Company, a General Contractor, Requests Bids from Subcontractors

AtlasNow Construction Company, a general contractor, requests bids from subcontractors for work to be done on a hospital building that AtlasNow plans to submit a bid to build.Catapipes Plumbing Company, a plumbing subcontractor, submits the lowest bid for the plumbing work, and AtlasNow incorporates Catapipes's low bid in its own bid for the general contract.Based on all of the subcontractors' bids, AtlasNow submits the lowest overall bid to build the hospital and is awarded the contract.
-Why does Catapipes's consideration have legal value?

A) It is a gift promise contract.
B) It is a bargained-for-exchange contract.
C) It is an illusory promise contract.
D) The consideration is an example of past consideration.

Correct Answer:

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