We show that the space
$G^r_{\underline d}(X)$ of linear series of certain multi-degree
$\underline d=(d_1,d_2)$ (including the balanced ones) and rank r on a general genus-g binary curve X has dimension
$\rho _{g,r,d}=g-(r+1)(g-d+r)$ if nonempty, where
$d=d_1+d_2$. This generalizes Caporaso’s result from the case
$r\leq 2$ to arbitrary rank, and shows that the space of Osserman-limit linear series on a general binary curve has the expected dimension, which was known for
$r\leq 2$. In addition, we show that the space
$G^r_{\underline d}(X)$ is still of expected dimension after imposing certain ramification conditions with respect to a sequence of increasing effective divisors supported on two general points
$P_i\in Z_i$, where
$i=1,2$ and
$Z_1,Z_2$ are the two components of X. Our result also has potential application to the lifting problem of divisors on graphs to divisors on algebraic curves.