A corner that has been obliterated refers to a point where two boundary lines intersect, but the initial marker placed by the surveyor is no longer present. Consequently, locating the corner necessitates relying on alternative evidence. It is akin to searching for a treasure without a map, where one must utilise clues to determine its possible whereabouts. Additionally, the term “corner” can also be used to describe a situation where individuals attempt to manipulate the price of a commodity by purchasing a significant quantity and withholding it from the market for a period of time.
An obliterated corner refers to a survey corner that cannot be determined accurately based on the original surveyor’s marks or other reliable evidence. For instance, if a surveyor marked a property corner with a stone monument that was later destroyed or removed, and there are no other trustworthy indicators to determine the exact location of the corner, it would be considered an obliterated corner. This term can also be used to describe a tactic in the commodities market known as market manipulation. In this scenario, a group of individuals acquires control over a commodity with the intention of artificially increasing its price. They achieve this by buying and selling the commodity, as well as options and futures, in a way that depresses the market price. Subsequently, they can purchase the commodity at favorable prices and withhold it from the market for a period of time, thereby inflating its price. For example, a group of investors may buy up all the available coffee beans in the market, causing the price to rise. They then keep the beans off the market for a while, leading to further price inflation. This serves as an illustration of an obliterated corner in the commodities market. These examples demonstrate how the term “obliterated corner” can be applied to both surveying and market manipulation contexts.
An obliterated corner refers to a survey marker or boundary point that has been destroyed or removed, making it difficult to determine the exact location of the corner.
When a corner is obliterated, it can create uncertainty regarding the exact location of the boundary lines. This can lead to disputes between neighboring property owners.
Typically, it is the responsibility of the property owner to maintain corner markers. However, in some cases, local laws or homeowners’ associations may have specific regulations regarding this matter.
No, it is generally not permissible to move a corner marker without proper authorization. Doing so can lead to legal consequences and disputes with neighboring property owners.
If you suspect that a corner marker has been obliterated, it is advisable to consult with a professional surveyor. They can help determine the exact location of the corner and potentially replace the marker if necessary.
While old property surveys can provide some guidance, they may not be entirely reliable if a corner marker is obliterated. It is best to consult with a professional surveyor to accurately determine property boundaries.
No, it is generally not permissible to remove or tamper with corner markers on public land. Doing so can be considered vandalism or destruction of public property, which is a criminal offense.
If a neighbor disputes the location of an obliterated corner, it may be necessary to involve legal professionals, such as attorneys or surveyors, to resolve the dispute. This could involve conducting a new survey or presenting evidence to support your claim.
While it is possible to sell or transfer property with an obliterated corner marker, it is advisable to resolve the issue beforehand. Potential buyers may be hesitant to proceed with a transaction if there are uncertainties regarding property boundaries.
Accidentally obliterating a corner marker can potentially lead to legal consequences, especially if it causes disputes or damages to neighboring properties. It is important to take precautions and seek professional assistance when working near property boundaries to avoid such situations.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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