58, Which of the following statements is not correct:

Group of answer choices

A company has the legal capacity and powers of an individual.

A company's power to contract may be exercised by an individual acting on behalf of the company and with the company's express or implied authority.

A company's power to contract may be exercised by an individual without using a common seal.

A company does not have legal capacity if a director who is acting on behalf of the company is intoxicated.

None of the statements are incorrect.