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Preheat oven to 350. In a large frying pan, heat oil over medium heat.
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Add chicken and cook, turning, until brown, about 10 minutes.
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Transfer to a 13 by 9 inch baking dish. Add celery and onions to the pan drippings and sauté until tender, but not brown.
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Stir in tomato juice, vinegar, salt, pepper and hot sauce. Heat to boiling; pour over chicken.
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Bake chicken uncovered, basting occasionally, 45 minutes, until tender.
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Skim excess fat from sauce and pour over chicken.