In General Electric Business Financial Services v. Silverman, where Silverman failed to repay a loan from GE Financial after his company went bankrupt, despite having signed a guarantee to repay the loan even if the company went bankrupt, the district court:
A) dismissed the case due to improper filing of court documents
B) did not grant the plaintiff's movement for summary judgment because the Illinois Credit Agreement Act bars affirmative defenses that rely on oral promises that contradict the written terms of the agreement
C) did not grant plaintiff's movement for summary judgment because the Illinois Credit Agreement Act allows affirmative defenses that rely on oral promises that contradict the written terms of the agreement
D) dismissed the case for lack of written evidence of an existing contract
E) none of the other choices are correct
Correct Answer:
Verified
Q349: The agreement providing security in real property
Q350: Hill owned a roofing business that had
Q351: A guarantor is generally the same as:
A)
Q352: Billy wants to borrow $10,000 to start
Q353: Billy wants to borrow $10,000 to start
Q355: In a suretyship:
A) a bank immediately accepts
Q356: The primary distinction in secured credit transaction
Q357: In General Electric Business Financial Services v.
Q358: In a contract for suretyship the third
Q359: Hill owned a roofing business that had
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