Standard electrode potential data are useful for understanding the suitability of an oxidant in a redox titration. Some half-cell reactions and their standard potentials are given below :
$MnO^- _4(aq)+8H^+ (aq)+5e^- \longrightarrow Mn^{2+} (aq)+4H_2 O(l), E^\circ = 1.51\, V$
$Cr_2O^{2-} _7(aq)+14H^+ (aq)+6e^- \longrightarrow 2Cr^{3+} (aq)+7H_2 O(l), E^\circ = 1.38\, V$
$\hspace20mm Fe^{3+} (aq)+e^- \longrightarrow Fer^{2+} (aq) \, \, \, \, E^\circ=0.77\, V$
$\hspace20mm Cl_2 (g)+2e^- \longrightarrow 2Cl^{-} (aq) \, \, \, \, E^\circ=1.40\, V$
Identify the incorrect statement regarding the quantitative estimation of aqueous $Fe(NO_3)_2$