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PACE v. CULPEPPER

No. 49403.

347 So.2d 1313 (1977)

Doris Elizabeth PACE and James C. Walker v. James Lamar CULPEPPER and wife, Louise Shirley Culpepper.

Supreme Court of Mississippi.

July 6, 1977.

Attorney(s) appearing for the Case

Warner, Ray & Cobb, Harvey B. Ray, Meridian, for appellant.

Witherspoon, Compton & Mason, William B. Compton, Meridian, for appellees.

Before PATTERSON, SUGG and WALKER, JJ.

SUGG, Justice, for the Court:

The appeal and cross appeal in this case are from a decree of the Chancery Court of Lauderdale County. The primary question is whether the rule against perpetuities applies to an option to purchase land.

On March 28, 1970 Mr. and Mrs. C.B. Walker conveyed by warranty deed 2.54 acres to James L. and Louise S. Culpepper for the consideration of $1,000 per acre. On the same date the Walkers and Culpeppers

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