Which of the following statements is incorrect?
1
A representative suit may be instituted by one or more persons for the benefit of all interested persons with the permission of the court.
2
Notice of the institution of a representative suit must be given by public advertisement at the plaintiff's expense to all interested persons whereby reason of their number, personal service is not reasonably practicable.
3
Any person for whose benefit a representative suit has been instituted may apply to join as a party thereto.
4
The person(s) who instituted the suit or person(s) who joined as party have unrestricted right it to compromise with the defendant.