Carl finds a lost dog and returns it to its owner, Betty. Betty gives Carl a check for $50 for his efforts, but later stops payment on the check. Carl cashed the check at Cash-All-Checks, who now seeks to recover from Betty. Will Cash-All-Checks be successful?
Betty has a real defense against Carl and Cash-All-Checks.
Betty has no defense against Cash-All-Checks, hence the latter will be successful.
Betty has a personal defense that allows Cash-All-Checks to be successful.
Betty has a defense against Cash-All-Checks since the check is less than $100