Analyze the following statements regarding the fundamental Assumptions of the Kinetic Theory of Gases.
I. A gas consists of a large number of identical particles (atoms or molecules) which are in constant random motion.
II. The volume of the molecules themselves is negligible compared to the volume of the vessel.
III. There are no intermolecular forces of attraction or repulsion between the gas molecules.
IV. Collisions between molecules and with the walls of the container are perfectly elastic.
V. The duration of a collision is negligible compared to the time interval between two successive collisions.