Which of the Following Statements Is True for a Restrictive

Multiple Choice

Which of the following statements is true for a restrictive indorsement?

A) A person who purchases a check indorsed "for collection",automatically converts it even if the indorser received the amount paid for it.
B) If an indorser merely signs his name and does not specify to whom the instrument is payable,he has indorsed the instrument in restriction.
C) The person who takes an instrument with a restrictive indorsement need not pay for the instrument consistently with the indorsement.
D) Indorsements for collection or deposit are restrictive indorsements.