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


e

Business

You might also like to view...

Effective negotiators are able to adjust their messages to adapt to what they perceive as the other party's emotional state-a process labeled "emotional ________.

Fill in the blank(s) with the appropriate word(s).

Business

Under the periodic inventory system

A) the cost of each item is recorded in the Merchandise Inventory account when it is purchased. B) when an inventory item is sold, its cost is transaferred to the Cost of Goods Sold account. C) the balance of the Merchandise Inventory account equals the cost of goods on hand. D) the balance of the Merchandise Inventory account is only accurate on the balance sheet date.

Business

A company had the following purchases and sales during its first year of operations: PurchasesSalesJanuary:10 units at $1206 unitsFebruary:20 units at $1255 unitsMay:15 units at $1309 unitsSeptember:12 units at $1358 unitsNovember:10 units at $14013 unitsOn December 31, there were 26 units remaining in ending inventory. Using the perpetual FIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

A. $3,405. B. $3,540. C. $3,200. D. $3,365. E. $3,270.

Business

Introduce your graphics in the text ____________________

a. in language that mirrors your captions b. using italicized typeface c. in a single section d. before they appear

Business