Section: Real Estate

8) A mother is deeding her mortgage-free house to her son. Is the deed required to show "good consideration" to be valid in this case?

1. No, because the house does not have a mortgage and there is no lien holder involved.
2. No, because family transfers are exempt from the law.
3. Yes, because all deeds must show good consideration to be valid.
4. Yes, unless she is deeding it to him in her will.