As per Section 11 of the Code of Civil Procedure, 1908 for Res Judicata to be applicable on a subsequent suit, the former suit
I. has been finally decided.
II. can only be instituted prior to the subsequent suit.
III. relates to the same matter directly and substantially in issue in the subsequent suit.
IV. is between the same parties, or between parties under whom they or any of them claim.
Select the correct answer.