‘P’ will be the first part of the given sequence as ‘place in’ makes a logical phrase together. ‘S’ will follow next as it refers to the location where friendship has its place, that is, in life. R will come next because the contrasting word ‘but’ shows that the sentence here makes a transition. ‘Q’ will be the last part of the given sequence as ‘truth and justice’ is used in connection to the ‘cannot override’ in the very previous part. Hence, PSRQ is the correct sequence. Thus, option (c) is correct.