Given that ∠1 and ∠2 are a linear pair, we know that they are adjacent angles formed when two lines intersect.
By the definition of a linear pair, the sum of the measures of the angles in a linear pair is always 180º.
Therefore, we can set up the equation: ∠1 + ∠2 = 180º.
We can substitute the given measures of ∠1 and ∠2 into the equation to solve for their values.
Let's try option A: ∠1 = 59º and ∠2 = 121º.
Substituting into the equation: 59º + 121º = 180º.
However, this is not true, as 59º + 121º equals 180º.
Let's try option B: ∠1 = 49º and ∠2 = 131º.
Substituting into the equation: 49º + 131º = 180º.
This is true, as 49º + 131º does indeed equal 180º.
Therefore, the correct answer is option B: ∠1 = 49º and ∠2 = 131º.