Statement (I): Agreement without consideration is always valid.
Statement (II): All contracts are agreements but all agreements are not contracts.
In the context of the above two statements, which one of the following option is correct?

A. Statements (I) and (II) both are correct

B. Both Statements (I) and (II) are incorrect

C. Statement (I) is incorrect and Statement (II) is correct

D. Statement (I) is correct but Statement (II) is incorrect

Answer: Option C