Martin v. AW Moeller & Son

Smith, J:

This case involves interpretation of a contract under which plaintiff raised and sold 3910.6 bushels of hybrid seed corn under a contract that provided: “The Purchaser agrees to pay to the Grower [plaintiff] on all accepted corn the full a\m,ount per bushel plus premium of 25c per bu. above the local price of No. 2 Yellow shelled corn. Choice of the market to be selected by the Grower between November 15th, 1948, and May 15th, 1949; if no selection is made by May 15th, the maa'ket on that day shall be accented.”

Plaintiff contends the words “local price” and “market” permit him to…