Flashcards Studio

In the Regional Trial Court of Manila, Pacific Maritime Bank (PMB) files for quieting of title and reconveyance of the vessel MV Star, a motor vessel currently berthed in Manila and registered under Philippine registry. The owner of MV Star, Lee Kwan, resides in Singapore and has not been personally served; the court issues summons by publication due to unknown liens and unknown heirs to any interests in the vessel. After trial, the court rules in PMB’s favor and orders reconveyance of MV Star to PMB. a)Identify the correct classification of this action under the Rules of Court (In Rem, In Personam, or Quasi In Rem) and briefly state why. (b)How would your answer change if instead PMB had filed only a money claim against Lee to be satisfied out of MV Star’s value and not for reconveyance? (c)What is the effect of the judgment on third parties with an interest in the vessel and on Lee if he did not appear?