Advance International, Inc. v. North Carolina National Bank

Goolsby, Judge:

Advance International, Inc. brought this action against North Carolina National Bank of South Carolina (NCNB) in which it seeks damages based on claims alleging fraud, negligence, and unfair trade practices. The trial court struck from NCNB’s answer the defense that these claims were compulsory counterclaims to a foreclosure action previously brought by NCNB in which NCNB named Advance International a party defendant and the defense that principles of res judicata barred Advance International from now asserting these claims because Advance International failed to assert them as…