The statement is (a) True.
Polyethylene terephthalate (PET) is typically prepared by a transesterification reaction. In this process, terephthalic acid (or its ester, dimethyl terephthalate) reacts with ethylene glycol to form the polymer PET, releasing methanol as a by-product.
This reaction is a key step in the synthesis of PET, a widely used thermoplastic polymer for applications such as bottles, containers, and textiles.