Alteration of Instuments

1. When a negotiable instrument which has been materially altered is in the hands of a
holder in due course who is not a party to the alteration
He may enforce payment thereof according to its original tenor
2. Upon request of A, B makes a note to accommodate A. Then A indorses the note to C,
when C presented the note to B, the latter dishonor it. Which is correct?
As an accommodation party, A will be liable even if notice of dishonor is not given to him.
3. A delivers a promissory note to B for P3,000. B increases the amount to P8,000 and
indorses the note to C and by C to D. D took the note for value and satisfied the
requirements of the holder in due course. Which is correct?
D can recover P3,000 from A and P5,000 from C
4. A makes a note payable to the order of B. B indorses it to C. X obtains possession of the
note fraudulently and indorses it to D and D to E. Which of the following is not correct?
E cannot enforce the note against D who derived his title through the forged signature of
C which is wholly inoperative
5.