Aris was the owner in fee simple of adjoining lots known as Lot 1 and Lot 2. He built a house in which he took up residence on Lot 1. Thereafter, he built a house on Lot 2, which he sold, house and lot, to Baker. Consistent with the contract of sale and purchase, the deed conveying Lot 2 from Aris to Baker contained the following clause: In the event Baker, his heirs or assigns, decide to sell the property hereby conveyed and obtain a purchaser ready, willing, and able to purchase Lot 2 and the improvements thereon on terms and conditions acceptable to Baker, said Lot 2 and improvements shall be offered to Aris, his heirs or assigns, on the same terms and conditions. Aris, his heirs or assigns, as the case may be, shall have ten days from said offer to accept said offer and thereby to exercise said option. Three years after delivery and recording of the deed and payment of the purchase price, Baker became ill and moved to a climate more compatible with his health. Baker's daughter orally offered to purchase the premises from Baker at its then fair market value. Baker declined his daughter's offer but instead deeded Lot 2 to his daughter as a gift. Immediately thereafter, Baker's daughter sold Lot 2 to Charles at the then fair market value of Lot 2. The sale was completed by the delivery of deed and payment of the purchase price. At no time did Baker or his daughter offer to sell Lot 2 to Aris. Aris learned of the conveyance to Baker's daughter and the sale by Baker's daughter to Charles one week after the conveyance of Lot 2 from Baker's daughter to Charles. Aris promptly brought an appropriate action against Charles to enforce rights created in him by the deed of Aris to Baker. Aris tendered the amount paid by Charles into the court for whatever disposition the court deemed proper. The common-law Rule Against Perpetuities is unmodified by statute. Which of the following will determine whether Aris will prevail? I. The parol evidence rule. II. The Statute of Frauds. III. The type of recording statute of the jurisdiction in question. IV. The Rule Against Perpetuities. 
I only. IV only. I and IV only. II and III only.