Beta

Flashcards Studio

Practice bar questions and get clear AI feedback on every answer.

Study Settings View Stats

Topic

Question Type

Essay Multiple Choice

Question Source

All Jurisprudence based

0 tracked cards Remedial Law, Legal and Judicial Ethics, with Practical Exercises

Pacem Bank, as stakeholder, holds P3,000,000 in a savings account belonging to the late engineer Rogelio Santos, who died intestate. Rogelio left a widow, Lilia Santos, and a legitimate child, Diego Santos, as potential heirs. After Rogelio’s death, Lilia and Diego presented conflicting claims to the balance. Pacem Bank filed interpleader under Rule 62 and deposited the funds with the trial court after service of summons on both claimants. In light of these facts: (a) determine whether interpleader is proper; (b) what orders the court should issue; and (c) who is ultimately entitled to receive the funds.

Choose the Best Answer

Interpleader is proper; the court should order Pacem Bank to deposit the P3,000,000 with the clerk of court, join both claimants as parties, enjoin the bank from further action, conduct a single hearing on the claims, and, after final judgment, disburse the funds to the rightful owner while exonerating Pacem Bank from liability. Interpleader is improper; there is no actual conflict that would require interpleading; the bank should distribute the funds to the widow and then pursue a separate action to recover any portion later. Interpleader is proper; the court should order deposit and hold the funds in court; the claimants must prove their entitlement; the fund is paid to the person determined by final judgment; Pacem Bank is discharged. Interpleader is proper; the court should dismiss the claims and order the funds returned to the estate; the bank remains free of liability, but no funds are disbursed until a separate administration case resolves.

Load another random question

Your Progress

No data Retention

Tracked Cards: 0
Accuracy: No data
Retained: 0

View Detailed Analytics

Difficulty Breakdown

Answer flashcards to build a real score-based difficulty breakdown.

Current Streak 0 Days

Start a streak with this card.

Suggested Decks

View All

Leech Cards

Review

No recent weak flashcards in your saved workbook.

More

Flashcards Studio

Question

Choose the Best Answer

Hello