Step 1: Recall the slope relations for a pair of lines.
For $ax^2+2hxy+by^2=0$, if $m_1,m_2$ are the slopes then $m_1+m_2=-\dfrac{2h}{b}$ and $m_1m_2=\dfrac{a}{b}$.
Step 2: Read the coefficients.
From $x^2-2cxy-7y^2=0$ we have $a=1$, $2h=-2c$ so $h=-c$, and $b=-7$.
Step 3: Compute the sum of slopes.
\[ m_1+m_2=-\frac{2(-c)}{-7}=-\frac{2c}{7}. \]
Step 4: Compute the product of slopes.
\[ m_1m_2=\frac{1}{-7}=-\frac17. \]
Step 5: Apply the given condition.
Sum equals four times the product, so $-\dfrac{2c}{7}=4\left(-\dfrac17\right)=-\dfrac47$.
Step 6: Solve for $c$.
Cancelling the $-\tfrac17$ gives $2c=4$, so $c=2$, which is option 1.
\[ \boxed{c=2} \]