7. Farmer Milnar leases 320 acres adjacent to his ranch. Milnar can give notice to the world at large by A. Putting a fence around it B. Storing his equipment on it C. Plowing the land D. All of the above 8. A contract based upon a promise exchanged for a promise is a A. Binary contract B. Bilateral contract C. Semilateral contract D. Dilateral contract 9. The major weaknesses of a binder lie in A. Its voidable B. Its unenforceability C. That it is not binding D. What it does not say 10. Should a borrower fail to make payments when due, the lender may demand immediate payment of the entire balance by A. Acceleration clause B. Hypothecation clause C. Prepayment clause D. Defeasance clause 11. The quantity of title conveyed to a trustee by means of a deed of trust is A. Fee simple absolute B. Clothed title C. Naked title D. Voided title 12. Priority of a recorded instrument is determined by the date of A. The instrument B. Recordation C. Delivery to the grantee D. Acknowledgement