Step 1: Understanding the Concept
The liver is built of hexagonal hepatic lobules, each with a central vein in the middle.
Step 2: Check Statement I
The portal area (portal triad) lies at the corners where adjacent lobules meet. So Statement I is correct.
Step 3: Check Statement II
The portal area contains a branch of the hepatic portal vein, a branch of the hepatic artery and a bile duct. Hepatic cords, sinusoids and Kupffer cells lie within the lobule, so Statement II is incorrect.
Step 4: Choose the option
Statement I correct and Statement II incorrect is option (C).
Final Answer:
Statement I is correct but Statement II is incorrect.
\[ \boxed{\text{(C) }\text{Statement I is correct but statement II is incorrect.}} \]