1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zzz [600]
3 years ago
15

Texaco v. Pennzoil is a dramatic and complicated 10 billion dollar case. What statement below most succinctly describes the sing

le most important legal issue upon which it turns?
Social Studies
1 answer:
WARRIOR [948]3 years ago
5 0

Answer: A case that had to do with contract interference. Pennzoil made an unsolicited bid to buy 20 percent of Getty Oil at $112.50 per share and the Getty Board approved the agreement. Before the lawyers for both side could approve the agreement, Texaco appeared and offered Getty stockholders $128 a share for the entire company. Getty officers turned their attention to Texaco, but Pennzoil sued, claiming tortious interference. Texaco said they had not interfered because there was no binding contract.

Jury agreed with Penzoil's argument--$7.53 million in actual damages and $3 billion more in punitive damages. After appeals and frantic negotiations, the two parties reached a settlement.

Texaco agreed to pay Penzoil $3 billion as a settlement for having wrongfully interfered with Pennzoil's agreement to buy Getty.

You might be interested in
Which type of plate movement is most often the cause of earthquakes
Klio2033 [76]
It is called plate techtonics
8 0
3 years ago
In the United States people pay taxes so government can provide service to the people what is 1 benefit of the government provid
siniylev [52]
Government is generally more efficient at providing goods and services than private businesses. businesses should not provide services because a free market would be more efficient.
3 0
3 years ago
Reviso las características de una noticia.
kvasek [131]
I don’t really speak Spanish sorry about that brother
6 0
2 years ago
1.) In addition to “an intimidating threat to harm another person that puts the victim in imminent danger,” what else is necessa
Kitty [74]
1. "The use of physical force" is the one that is necessary to be charged withassault. The correct option among all the options that are given in the question is the second option or option "B".

2. "Domestic violence" is the one that the man can be charged with. The correct option among all the options that are given in the question is the first option or option "A". 
4 0
3 years ago
Which schedule of reinforcement tends to get the highest response rate?
frosja888 [35]
The answer to this question is <span> fixed ratio
In a </span> fixed ratio schedule of reinforcement, it requires <span>subjects to provides a set number of responses and a reward will be given after the completion of a certain numbers. Because of the high certainty, we will tend to receive high and steady rate of response if we use this type of schedule.</span>
3 0
3 years ago
Other questions:
  • Which of these areas is known for being the home of some of the world's earliest civilizations?
    9·1 answer
  • The indicators on the chart above tell us that the standard of living is __________ in Papua New Guinea.
    9·2 answers
  • Which role did louis michel aury play in the fight for mexiacan independence.
    9·1 answer
  • What are two types of cases that begin in Supreme Court?
    5·1 answer
  • In the 1880s Republican reformers came to be known as
    6·2 answers
  • Milk is considered a commodity because it is which of the following?
    11·2 answers
  • Why did General MacArthur address Congress after he was fired? A. He wanted to thank Americans for treating him as a hero. B. He
    5·2 answers
  • Identify the statements that ACCURATELY describe one of Georgia's transportation systems.
    12·2 answers
  • Laurel is always friendly. when someone tells her a secret, she does not tell other friends. she also is helpful and cooperates
    15·1 answer
  • What is a good household object that can be used a metaphor towards corona? (This is for my theory of knowledge class) ​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!