lilypadfrog
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LSDefine
Simple English definitions for legal terms
lost corner
Read a random definition: entire-agreement clause
A quick definition of lost corner:
A lost corner is a point in a land description, like a landmark or natural object, whose position cannot be determined from the original marks or evidence. However, its location can be found by referring to other points in the description. It is different from an existent corner, which can be verified by original landmarks or surveyor's notes, and an obliterated corner, which can only be located with evidence other than that put in place by the original surveyor.
Another meaning of corner is when someone buys a lot of a product to control its price and make it more expensive. This is illegal if done in an unlawful way.
A more thorough explanation:
A lost corner is a point in a land description, such as a landmark or natural object, whose position cannot be reasonably determined from traces of the original marks or other acceptable evidence. This means that the location of the corner cannot be found using the original surveyor's field notes or other reliable evidence.
For example, if a land description includes a tree as a landmark for a corner, but the tree has since been cut down or destroyed, the corner becomes a lost corner. However, the location of the lost corner can still be determined by referencing other independent points in the description.
It is important to note that a lost corner is different from an existent corner, which is a corner whose location can be verified by an original landmark, a surveyor's field notes, or other reliable evidence. An obliterated corner is also different from a lost corner, as it can be located only with evidence other than that put in place by the original surveyor.