Statement 1: A priority application for patents can be filed by a resident or national
of a contracting party either in their own country‘s national patent office or the World
Intellectual Property Organization‘s (WIPO) International Bureau in Geneva.
Statement 2: The priority date of a patent application is the date on which it is filed in
the applicant‘s home country, granting advantages such as the ability to file applications
for patent grants in other countries at a later date and to have applications examined
based on the priority date
Which of the following is correct from the below-mentioned options?