Document ID: chunk:federal_register_of_legislation:C2017C00074:section:78
Version: federal_register_of_legislation:C2017C00074
Segment Type: section
Provision Reference: s 78
Character Range: 82562–83226

78  When cheque discharged
 (1) A cheque is discharged if:
 (a) the cheque is paid in due course by the drawee institution;
 (b) subject to section 80, the holder, at any time, absolutely and unconditionally renounces the holder's rights against the drawer or all persons liable on the cheque; or
 (c) subject to subsection 81(1), the holder intentionally cancels the cheque or the drawer's signature and the cancellation is apparent from the cheque.
 (2) A cheque is also discharged if the cheque is fraudulently and materially altered by the holder.
 (3) Nothing in this section affects the discharge of a cheque otherwise than in accordance with this section.