Given below are two statements:

Statement (I) : According to classical Indian school of logic (Nyaya) the argument "Sound is eternal because it is audible" is fallacious.

Statement (II) : According to classical Indian school of logic the argument "Sound is eternal because it is audible" commits the fallacy of irregular middle term where the middle term is too wide.

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 II is incorrect.
4
Statement I is incorrect but Statement II is correct.

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