Which of the following is not the correct reaction of aryldiazonium salts ?
The reaction given in option o3 is not correct. Aryldiazonium salts react with hypophosphorous acid (H$_3$PO$_2$) to give the corresponding aryl compound (benzene in this case), not an aryl phosphate. The correct reaction is:
$$ ext{C}_6 ext{H}_5 ext{N}_2^+ ext{Cl}^- + ext{H}_3 ext{PO}_2 ightarrow ext{C}_6 ext{H}_6 + ext{N}_2 + ext{HCl} $$
Therefore, option o3 is the incorrect reaction.