Given below are two statements:
Statement (I): The doctrine of stare decisis has essentially developed as a result of progress made in law-reporting
Statement (II): Since the law in India is mostly based on the English Law, the system of law reporting is fairly developed in India
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