👉 The concept of "corespondency" is a legal term that refers to a relationship between two or more parties who are involved in a particular transaction. The term encompasses a wide range of situations, including contracts, agreements, and agreements made by one party to another. In the context of corespondency, each party must have been aware of the other's intentions before they entered into the agreement or contract. For example, if two parties enter into an agreement for the sale of goods, it is