Given below are two statements:

Statement I: In a peer-to-peer network, there is no central server instead each computer can act as a server as well as a client.

Statement II: LAN is a computer network created for individual persons.

In the light of the above statements, choose the correct answer from the options given below:

1
Both Statement I and Statement II are true
2
Both Statement I and Statement II are false
3
Statement I is correct but Statement II is false
4
Statement I is incorrect but Statement II is true

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