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In General Electric Business Financial Services V

Question 354

Multiple Choice

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

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