Trade · 6 pages · 12 min
Number two yellow corn is a named grade with factor limits, the usual par quality in a corn contract.
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Number two yellow corn is a specification because it points at a defined class in the official grain standards, not at a vague idea of ordinary corn. Yellow names the class, and number two names the grade whose factor limits the lot is required to meet. The opening covers yellow names the class, number two names the factor limits, and par delivery uses that grade.
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