Thompson Funeral Home, Inc. v. Thompson

The question in this case is whether a chancery court can authorize the guardian of a non compos mentis to grant an option to sell the ward’s real estate (along with a surface lease), with the purchase price to be determined by privately appointed appraisers, and all interim rentals paid by the lessee-optionee to be deducted from the purchase price at time of exercise of the option. "We hold it does not have such power under Mississippi statutes, and affirm the decree of the trial court to that effect.

Since 1940 Mrs. Annie Mae Thompson, the ward, owned real estate in Laurel on which Thompson…