Commonwealth Consolidated Acts Commonwealth Consolidated Acts(a) a cheque is fraudulently altered so as to increase the sum ordered to be paid by the cheque;
(b) the alteration is the only material alteration of the cheque made fraudulently; and
(c) the drawee institution, in good faith and without negligence, pays the cheque to the holder;
the drawee institution may, without prejudice to any other rights that it may
have against the drawer, debit the drawer's account according to the tenor
of the cheque as drawn.