Explanation:

Force majeure clause is a legal arrangement that is present in most commercial contracts.

• When the clause is triggered, parties can decide to break from their obligations temporarily or permanently without necessarily breaching the contract. 
• Companies in such situations use the clause as a safe exit route, sometimes in opportunistic ways, without having to incur the penalty of breaching the contract.

Generally, an “Act of God” includes only natural occurring events, whereas force majeure includes both naturally occurring events and events due to human intervention. 

• However, both concepts have the same consequences in law.
• For example, a shipping contract would have a force majeure clause that could cover natural disasters like tsunami.
• War, riots, natural disasters or acts of God, strikes, introduction of new government policy imposing an embargo, boycotts, outbreak of epidemics etc are generally listed as force majeure.

Hence both statements are correct.