Statement I : Law has its source in the general consciousness (volkgeist) of the people.

Statement II: Law is a product of the people's life, it is a manifestation of its spirit.

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

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

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