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Preheat oven to 400°.
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In a medium bowl, combine the egg and cream and beat well.
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In a pie plate or flat bowl, combine cracker crumbs, cheese, basil, garlic powder and salt and pepper to taste.
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Rinse chicken and pat dry.
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Dip each piece into the egg mixture and then dredge in the crumb mixture.
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Heat olive oil in a large skillet over medium-high heat and fry chicken for 5 minutes per side or until crusty and golden brown.
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Place chicken in a 9x13 baking pan and cover with foil.
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Bake covered for 15 minutes, then remove foil and bake for 15 more minutes or until juices of chicken run clear.