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McMURPHY v. THREE RIVERS PLANNING AND DEV.

No. 2005-CA-02106-COA.

966 So.2d 192 (2007)

June H. McMURPHY, Appellant v. THREE RIVERS PLANNING AND DEVELOPMENT DISTRICT, INC., Appellee.

Court of Appeals of Mississippi.

Rehearing Denied July 17, 2007.

Attorney(s) appearing for the Case

John S. Hill, Tupelo, attorney for appellant.

Sidra Patterson Winter, Phillip L. Tutor, attorneys for appellee.

Before MYERS, P.J., CHANDLER and ROBERTS, JJ.

ROBERTS, J., for the Court.

SUMMARY OF THE CASE

¶ 1. This contractual interpretation case arose from a corporation's decision to finance the purchase of a retail business. The corporation, MM & K, Inc., did not have sufficient collateral to finance the purchase, so Three Rivers Planning and Development District, Inc., one of the two financing entities, demanded additional collateral from the principal owners. June McMurphy, the mother-in-law of...

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