Section 64. Company contracts

(1) A contract may be made—

(a) by a company, in writing under its common seal;

(b) on behalf of a company, by a person acting under its authority, express or implied; or

(c) on behalf of a company, orally, by any person acting under its authority, express or implied.

(2) Any formalities required by law in the case of a contract made by an individual shall apply, unless the context otherwise requires, to a contract made by or on behalf of a company.