First thing : For two lines to be perpendicular with each other, their slopes' multiplication should be -1. (chk this if two slope are known to you)
Also : The slope of a horizontal line is always 0.(Rule)
The slope of the vertical line is undefined. (Rule)
Two lines to be parallel the two slopes should have same value
with same sign.
Here from the 1st statement we can know the slope of the line (one point being (1,1) and other one is (1,-1).Because this is a common point of intersection of two lnes.
So slope is m=1-(-1)/1-1, which is undefined.So line is vertical.
From statement 2 : we don't get any characteristic of line m's slope, since it 's given only one point of reference for line m which is (1,-1).We need two coordinate points of (x,y) to know the slope.
Btw, is your GMAT test on Monday !!
However , all the best for your test.
Amit