27. Assuming intent to gain approval, what is the status of a contract signed by an intoxicated person? A. Valid B. Void C. Voidable D. Unenforceable 28. To be legally competent, a person must reach the age of A. Minority B. Majority C. Reasonable competence D. 17 years 29. When a loan is secured by deed of trust, the promissory note is held by A. Grantee B. Trustor C. Trustee D. Beneficiary 30. The instrument which conveys naked title to a trustee is the A. Notice of default B. Reconveyance deed C. Guardian's deed D. Trust deed 31. A mortgage in a lien theory state holds A. Legal title B. A note C. Naked title D. Naked legal title 32. Summary of all recorded documents affecting title to a given parcel of land is called A. A title report B. A chain of title C. An abstract of title D. A book of title 33. When an offeror makes a valid offer, the offeree may A. Make a counteroffer B. Accept the offer C. Reject the offer D. All of the above