Which of the Following Statements Is True of an Indorsement

Multiple Choice

Which of the following statements is true of an indorsement?

A) It applies only to payments made to a depositary bank.
B) It does not affect future attempts to negotiate the instrument.
C) It generally does not make a person liable on the instrument even if he or she is engaged in any illegality affecting the instrument.
D) It makes a person liable on an instrument indorsed by him or her if the person primarily liable on it does not pay it.