Q 1) Why aren't minors allowed to contract? The following is an actual case: 2) A widow is selling rare coins she has inherited from her husband. His collection was contained in two volumes. One was entitled " Coins of the World" and the other was entitled "Swiss Coin Collection". A collector reviewed all the coins and agreed to purchase the swiss coin collection. When the coins were delivered he asked the widow where the rest of the swiss coins were. It seems that there were swiss coins included in BOTH volumes! The widow thought that the collector only purchased the "Swiss Coin Collection" volume. What is the legal consequence of this misunderstanding? 2) The following is NOT an actual case: You come to my garage sale and buy a very interesting artifact, a statue of a horse with a clock in its stomach! We haggle over the price for a while and finally agree on ten bucks. Well you bring the stutue home and display it in your living room. About a week later, a friend of yours who is studying to be an art appraiser exclaims, "I cant believe you have a Glockenspiel"! You say, "I beg your pardon, but this is a horse with a clock in its stomach". Your friend says "No, you idiot! This piece was sculptured by the world famous sculptor Sy Glockenspiel...its worth MILLIONS"! Upon hearing this, I come running to cancel the agreement claiming that neither of us realized how valuable this was. Can I void this agreement?