Given below are two statements:
Statement I: The esterification of carboxylic acid with an alcohol is a nucleophilic acyl substitution.
Statement II: Electron withdrawing groups in the carboxylic acid will increase the rate of esterification reaction.
Choose the most appropriate option

A

Statement I is correct but Statement II is incorrect.

B

Both Statement I and Statement II are incorrect.

C

Both Statement I and Statement II are correct.

D

Statement I is incorrect but Statement II is correct.