Identify the cause of concern with the below piece of code. class Person(object): name = None def _init_(self, name): Person.name = name def funct(self): return "Your name is " + self.name (1) Each Person's name will be equal to the most recently created I (2) Instantiating the object of class Person will lead to an error. (3) The name of every Person will be None. (4) Invoking funct on a person instance causes an error.

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