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LSDefine

Simple English definitions for legal terms

obliterated corner

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A quick definition of obliterated corner:

An obliterated corner is a point where two boundary lines meet, but the original marker put in place by the surveyor cannot be found. This means that the corner can only be located using other evidence. It's like trying to find a treasure without a map - you have to use clues to figure out where it might be. Sometimes people try to control the price of something by buying a lot of it and then not selling it for a while, which is also called a corner.

A more thorough explanation:

Definition: An obliterated corner is a survey corner that can only be located using evidence other than that put in place by the original surveyor. It is a point in a land description that cannot be reasonably determined from traces of the original marks or other acceptable evidence.

Example: Let's say a surveyor marked a corner of a property with a stone monument. Over time, the monument was destroyed or removed, and there is no other reliable evidence to determine the exact location of the corner. This would be considered an obliterated corner.

This term can also refer to a market manipulation tactic where a group of individuals acquire control over a commodity with the purpose of artificially enhancing the price. They do this by purchasing and selling the commodity, as well as options and futures, in a way that depresses the market price so that they can purchase the commodity at satisfactory prices and withhold it from the market for a time, thereby inflating its price.

Example: A group of investors buys up all the available coffee beans in the market, causing the price to rise. They then withhold the beans from the market for a period of time, causing the price to inflate even further. This is an example of an obliterated corner in the commodities market.

These examples illustrate how an obliterated corner can refer to both a surveying term and a market manipulation tactic.

obliterate | oblivion

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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