State true or false and why

1.The drawer who does not make good within a stated time a check that has been dishonored because of insufficient funds is in most states both civilly and criminally liable.

2. An alteration of a commercial paper by the holder is material if it changes the place of payment.

3. Stone, in St. Louis, Missouri, draws a draft on Becker in Paris, France. When the draft is dishonored upon presentation for payment, the holder immediately phones Stone. Stone is now liable on the draft.

4.Hammond pays $500 for a $600 note payable one year later. On the basis of this information, Hammond can qualify as a holder in due course.

5. Glade, the payee of a $100 note, changes the amount to $1,000 and then indorses the note to Moore, the holder in due course. The maker of the note liable to Moore for $100.