New vs Old Electrical Wiring in a home.. 
	
	
		I'm helping a friend with his house and have a few things I don't fully understand... 
In his old home, most of the electrical wiring was updated in the late 90's.  
- Most of the basement and attic wiring is all run through metal conduit, is this necessary?
- Is Romex 12-2 a good basic wire to be used for most homes?  (running power to lights, outlets, w/d, etc.. )
- I noticed one or two runs of the metal conduit that only have a black and white wire inside them.  Although the wires appear newer, there is no visible ground wire.  Is this a hazard/problem?  What should be done about it?