1.S sold B a commercial land for 1M Php. S assured B that it is certain that in two years time, the land would increase in market value by 50% or 1.5M Php. It turned out that the market value of the land even decreased to about 800,000 Php. Is S liable to B for misrepresentation?

2. What S sold to B, hardware owner, are 500 bags of cement. S had every reason to

believe that the price of cement would go down. After two weeks, it did go down. Has B

the right to have the sale annulled?