<p>Wrong- Penn is an ED and all EDs are binding. You can apply to rolling admission schools and EA schools along with your ED application to Penn. For example, you can apply EA to Chicago, EA to Georgia, rolling to Indiana and ED to Penn and you aren't breaking any rules. If you are accepted to Penn ED, you have to notify the other schools that you will not be attending.
You can only apply to one school ED.
If you can't figure this out, you probably don't need to be looking at Penn.</p>