Consider the following statements regarding the ‘Schools of Hindu Laws’: 1. Mitakshara law school is observed in southern Indian states only. 2. Under Mitakshara law school, the son has no automatic ownership right by birth but acquires it on death of his father. 3. Under Dayabhaga law school, the sons do not enjoy coparcenary rights when the father is alive. Which of the statements given above is/are correct?