Statement 1 is incorrect: The Mitakshara and Dayabhaga systems were schools of Hindu law primarily dealing with inheritance and property rights, based on different interpretations of ancient Dharmasastras. They were geographically relevant (Mitakshara prevalent across most of India, Dayabhaga primarily in Bengal and Assam) and based on differing legal principles regarding joint family property and inheritance, not on caste distinctions. Statement 2 is correct: This statement accurately describes a key difference. Under the Mitakshara system, a son acquires a right by birth in the ancestral property of the joint family (coparcenary). Under the Dayabhaga system, the son does not acquire any right in the father's property during the father's lifetime; inheritance occurs only after the father's death, when the property becomes divisible. Statement 3 is incorrect: Both systems traditionally dealt with coparcenary property, which primarily consisted of property held by male members in a joint family. While the Hindu Succession Act, 1956 (and its 2005 amendment) significantly reformed this by giving daughters equal rights in ancestral property, the traditional systems as originally conceived did not deal equally with property held by both male and female members in the manner implied.