Farmers' Mutual Fire Insurance v. Smith

(after stating the facts). It cannot be questioned since John Hancock Mutual Life Ins. Co. v. Dick, 114 Mich. 337 (43 L. R. A. 566), that in this State a court of equity has jurisdiction to cancel an outstanding insurance policy where grounds for equitable relief are present. Appellants’ counsel do not question such jurisdiction, nor do they deny the general rule that a court of equity having assumed jurisdiction will retain it to settle the entire controversy, to do justice to the parties. They insist that such rule is not applicable where the matter in controversy between the parties is"…