In a binary alloy system, the eutectic point is a specific composition and temperature where the liquid transforms into two solid phases simultaneously upon cooling.
The eutectic temperature is the lowest possible temperature at which the alloy remains in the liquid phase before solidifying.
Hence, at this temperature, the transition from the liquid to the solid phase occurs for the eutectic composition.
The other options are incorrect because:
- (1) A binary alloy phase diagram generally includes only solid and liquid phases, not gas.
- (2) At eutectic composition, two solid phases form, not one.
- (3) The stability of phases depends on temperature and composition; the liquid is not always more stable.
Therefore, the only correct and universally true statement is option (4).