Step 1: Use standard matrix identities
- $A \cdot (\text{adj } A) = |A|I$
- $(AB)^{-1} = B^{-1}A^{-1}$
- A matrix is invertible $\iff |A| \neq 0$
Step 2: Check each option
(1)
\[
A(\text{adj }A) = (\text{adj }A)A = |A|I
\]
Correct identity.
(2)
\[
A(\text{adj }A) = |A|
\]
Left side is a matrix, right side is a scalar $\Rightarrow$ dimension mismatch.
Hence incorrect.
(3)
\[
(AB)^{-1} = B^{-1}A^{-1}
\]
Correct property.
(4)
\[
|A| \neq 0,\ |B| \neq 0
\]
True for invertible matrices.
Step 3: Conclusion
Only option (2) is incorrect.
Final Answer:
\[
\boxed{\text{Option (2)}}
\]