That is correct, but only because of the particular position of the fridge magnet. The firction force from the magnet on the surface < magnetic pull(not always

That is correct, but only because of the particular position of the fridge magnet. The firction force from the magnet on the surface < magnetic pull(not always true, depends on the type of material the firdge and magnet is made of, but very likely true). Thus, if you put the magnet suspended on a horizontal surface, the magnetic force WOULD be the one holding it up.