Euclid's fifth Postulate: If a straight line falling on two straight lines makes the interior angles on the same side of it taken together less than two right angles, then the two straight lines, if produced indefinitely, meet on-that side on which the sum of angles is less than two right angles.
Since it is an equivalent version of Euclid's fifth postulate, and it is known as Playfair's axiom.
Hence, the given statement is true.