Explanation:

Sure! Here’s an explanation of each statement and the options:

- I. There must be an adjudication: The court must have actually decided something.

- II. The adjudication must have been given in the suit: The decision must arise from a formal suit, not just any proceedings.

- III. The adjudication must have determined the rights of the parties with regard to all or any of the matters in the controversy in the suit: The order must resolve the rights raised in the case.

- IV. The determination must be of conclusive nature: The decision must finally settle the issue, not just be a temporary step.

- V. There must be a formal expression of such adjudication: The judgment or order must be formally recorded.

- Option 1: I, III – Not all elements included.

- Option 2: II, V – Not complete.

- Option 3: II, IV, V – Also incomplete.

- Option 4: All of these – All required elements are covered for an order to be a decree.