Maverick Price is an enterprising young man who has been working hard to put together a team of high-performing individuals in his new business venture. While scouting for talent he has come to an agreement with Bill Jones to work for his company for the next 2 years while they grow the business. Bill has an excellent reputation and much experience for this venture. Since Bill lives across the country (Los Angeles) all of the agreements for this position have been made over the phone, verbally. He has started the process of quitting his old job and selling his house to move to New York. The day before he is set to fly to New York, Eill receives a call stating that Maverick has found a top executive to lead the team. Since there was never a formal agreement he apologized for the inconvenience and is offering no further support. Based on your expert knowledge of HR law, what can Bill do? Under fraud statutes, he can sue Maverick for reneging on the deal. After making so many changes such as quitting his job and moving, there are substantial detrimental effects. Under promissory estoppel, he can sue Maverick for reneging on the deal. After making so many changes such as quitting his job and moving, there are substantial detrimental effects. He is out of luck because oral contracts are not a valid method for making a job offer. He is out of luck since there was no written contract and the oral contract was for more than one year