Due to a mental illness, Pam Smith the owner of 123 Main Street in Golden Town, has periods of being incompetent and periods of being competent. On June 1, Pam is declared incompetent by a judge who appoints a temporary conservator to act on her behalf. On August 1, while she is in a period of competency and understanding of her acts, Pam deeds the property to her friend Frank Jones writing this on a piece of dirty napkin:

"I Pam, deed all my interest in 123 Main Street, Golden Town, California to:

Frank for his friendship and loyalty all these years." 

1. Is the deed valid as to Pam's ability to transfer her property?  If "yes," why?  If "no," why?

2. Is the deed valid as to the written deed itself. If "yes," why?  If "no," why?