Consider the following statements with regard to correlation...

Consider the following statements with regard to correlation coefficient $r$ between random variables $x$ and $y$ : 1. $r=+1$ or -1 means there is a linear relation between $x$ and $y$. 2. $-1 \leq r \leq 1$ and $r^2$ is a measure of the linear relationship between the variables. Which of the statements given above is/are correct?