Yerys v. New York Life Insurance

Stacy, C. J.,

after stating the case: The defense of invalidity is not available to the defendant in the present action. Mauney v. Ins. Co., 209 N. C., 499, 184 S. E., 82; Wamboldt v. Ins. Co., 191 N. C., 32, 131 S. E., 395; Hardy v. Ins. Co., 180 N. C., 180, 104 S. E., 166; Amer. Trust Co. v. Ins. Co., 173 N. C., 558, 92 S. E., 706. Neither is it entitled to be heard again on the question of reformation or cancellation, nor on the subject of its counterclaims. These matters were considered in a forum of its own choosing. They are now res judicata. Bunker v. Bunker, 140 N. C., 18, 52 S. E.,…