OBLICON

1.Explain or state briefly

S sold to B a commercial land for 1,000,000 pesos. S assured that it is certain that in two years' time the land would increase in market value by 50% or 1,500,000. It turned out that the market value of the land even decreased to about 800,000. is S liable to B for misinterpretation?

2. Explain or state briefly the rule or reason for your answer.

In this payment by cession, what rights are acquired by b the creditor in this form of payment as distinguished from dation in payment

3. What must debtor do to be released from his obligation if the creditor refuses to accept payment without justifiable reason

4. S agreed to deliver to B 500 cavans of rice at 600php per cavan. S delivered only 490 cavans deliberately misrepresenting that the delivery consisted of 500 cavans. can B ask the court to annul the contract on the ground of fraud?

5. When is the condonation or remission of debt is considered inofficious? What is the remedy of the party?