Which one of the following is an accurate distinction between estoppel and waiver?

Available answer options

Select only one option

A

The parol evidence rule applies to estoppel, but it does not apply to waiver.

B

Waiver is equitable in nature, while estoppel is contractual in nature.

C

Waiver rests on agreement between parties, while estoppel arises from a false representation.

D

Estoppel gives effect to the estopped party's intention, but waiver defeats inequitable intent of the waiving party.