I still don't see anywhere where making a bet you can't pay is a crime. It's stupid, I won't dispute that, and Matt deserves every bit of the backlash he's getting, but it's not criminal.
In real life promissory estoppel is criminal. You cannot promise something you can't provide and then appeal the contract to be void. I know many of us here including me advocate a lesser regulated justice but stuff like this is just naive.
Ahh. That's what I was looking for. Thanks, I'll look into it.
promissory estoppel
Quote
A promisor—one who makes a promise—makes a gratuitous promise that he should reasonably have expected to induce action or forbearance of a definite and substantial character on the part of the promisee—one to whom a promise has been made. The promisee justifiably relies on the promise. A substantial detriment—that is, an economic loss—ensues to the promisee from action or forbearance. Injustice can be avoided only by enforcing the promise.
In other words, He's incurred a debt. Like I said.
Either way, my post is not to be taken as if to be a meaning of my position or lack there of in this matter. I've always enjoyed the finer(read mind numbingly boring) points of law research.
