It was established that Lim Tong Lim requested Peter Yao to engage in commercial fishing with him and one Antonio Chua. The three agreed to purchase two fishing boars but since they do not have the money they borrowed from one Jesus Lim (brother of Lim Tong Lim). They again borrowed money and they agreed to purchase fishing nets and other fishing equipments. Now, Yao and Chun represented themselves as acting in behalf of Ocean Quest Fishing Corporation (DOFC) they contacted with Philippine Fishing Gear Industries (PFGI) for the purchase of fishing nets amounting to more than P500k. They were however unable to bay PFGI and so they were sued in their own names because apparently OQFC is a non-existent corporation. Chua admitted liability and asked for some time to pay. Yao waived his rights. Lim Tong Lim however argued that he's not able because he was not aware that Chua and Yao represented themselves as a corporation that the two acted without his knowledge and content a. is Lim Tong Lim? Why? b. What is a corporation by estoppel?