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Texaco later made a higher offer, and the company was sold to Texaco. Pennzoil filed a lawsuit alleging tortious interference with the oral contract and, after prevailing in court, was awarded $11.1 billion in damages, later reduced to $9.1 billion plus interest and penalties. [3]
Shutterstock When it rains, it pours. Sometimes, it seems as if you've been looking for a job forever with no results, then, all of a sudden, you're being offered an interview with another company ...
Offers may be presented in a letter, newspaper advertisement, fax, email verbally or even conduct, as long as it communicates the basis on which the offeror is prepared to contract. Traditionally the common law treated advertisements as being unable to contain offers, but that view is less forceful in jurisdictions today.
In sales jobs and real estate positions, the employee may be paid a commission, a percentage of the value of the goods or services that they have sold. In some fields and professions ( e.g. , executive jobs), employees may be eligible for a bonus if they meet certain targets.
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