Step 1: Check the role of the compressor.
In a vapour compression refrigeration system the compressor draws in low pressure, low temperature refrigerant vapour from the evaporator and compresses it, which raises both its pressure and its temperature, exactly as Statement I says, so Statement I is true.
Step 2: Check the role of the condenser.
The high pressure, high temperature vapour leaving the compressor then passes through the condenser, where it rejects heat to the surroundings and condenses into a high pressure liquid, exactly as Statement II says, so Statement II is also true.
Step 3: Combine.
Both statements correctly describe their respective components of the cycle.
\[ \boxed{Both Statement (I) and Statement (II) are true.} \]