👉 A remissory is a type of legal contract where the parties agree to perform their obligations but fail to do so. In other words, a remissory contract is one in which one party fails to fulfill their obligations as per the terms of the agreement. Examples of a remissory contract include: 1. A contract for the sale of goods that was signed by two parties without any express or implied understanding regarding the delivery time. 2. A contract for the provision of services that is signed
