dj_roomba wrote:Difference between equitable and promissory estoppel?
I get that equitable estoppel precludes from alleging facts that contradict its representation. I don't get what that means (its application).
Equitable Estoppel is more about reliance on past/current action while promissory estoppel is more of a reliance on a future promise.
Equitable Estoppel is typcailly (but not always) with re: fraud.
X: "Is this your signature on this K?"
Y: "(fraudulently) Yes, yes it is. This is my signature"
Y is estopped from later denying that that is his signature and rebut existence of K.
Promissory Estoppel is a reliance on promise:
Y: "I promise to give you $400 when you complete this housing project"
X: (goes out and spends $100 on materials for completing the housing project)
X can probably recover $100 (reliance) from Y. (though i'm sure there's a claim for quantum meruit)