Some, like Cosco, a shipping giant, have brazenly tried to renege on contracts.
From the economist.com
I'm sure I'll cop it, but I renege on some of my words back from my Fairfax post.
From the smh.com.au
The scheme worked by offering sham buyers in order to renege on sales guarantees.
From the kansas.com
Well, it looks like it only took six weeks for Hultgren to renege on his promise.
From the dailyherald.com
Some on our list were faced with having to postpone or renege on gifts altogether.
From the businessweek.com
If it is his intention to renege on the commitment, I urge him again, think again.
From the telegraph.co.uk
We simply want them not to renege on those promises and to keep it up to schedule.
From the en.wikipedia.org
Renege on that commitment and you will owe the college a full year's tuition.
From the forbes.com
Moreover, whatever they might say, both sides know they will have to renege.
From the theatlantic.com
More examples
Fail to fulfill a promise or obligation; "She backed out of her promise"
Revoke: the mistake of not following suit when able to do so
To annul by withdrawing.
To break a promise or commitment; to go back on one's word; In a card game, to break one's commitment to follow suit when capable; (archaic) To deny; to renounce
(Reneges) Cancellations by investors who have placed orders in an underwritten public offering. They will have expressed their indication of interest to a registered representative of a member of the underwriting syndicate or selling group before the effective date. ...
(Reneging) Accepting an offer and then changing one's mind and rejecting it. Reneging is unprofessional and jeopardizes the School's relationship with the company.
Failure to play when the player has a playable tile and was required to do so by the rules of the game.
Any time a player accidentally misplays during the play portion of the hand, it is called a renege. There are various forms of misplay:
Fail to follow suit when able - the cardinal sin of euchre.