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Question

IV. SPECIAL CIVIL ACTIONS - A. Interpleader (Rule 62)

Scenario:

ABC Corporation is the manufacturer of a popular toy in the Philippines. They distribute their product to various toy stores nationwide. Due to a recent issue with the quality control of the toys, ABC Corporation is facing potential liability claims from customers who purchased defective toys. The company is unsure of who among their customers are affected and to which extent. They decide to file an interpleader suit to resolve the issue.

Question:

Discuss the essential requirements and procedure for filing an interpleader suit under Rule 62 of the Rules of Court, specifically addressing the following:

1. Who are the parties involved in an interpleader suit?
2. What are the essential requirements for filing an interpleader suit?
3. Explain the procedure for filing an interpleader suit.
4. What is the effect of filing an interpleader suit on the claims involved?
5. Can the court dismiss an interpleader suit? If so, under what circumstances?

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Answer