Reiko Notices New Luxury Watches in a Jewelry Store Window

Reiko notices new luxury watches in a jewelry store window and decides to buy one.She enters the store and purchases a watch with her credit card.A few weeks later her credit card bill arrives, with a substantial balance owing.Because she is a careful consumer, the credit card balance is Reiko's only debt, but unfortunately she does not have sufficient funds to pay it.Reiko

A) is the subject of a proposal.
B) is bankrupt if she owes at least $1000.
C) is an insolvent person.
D) has committed an act of bankruptcy and so must become bankrupt.
E) is a bankrupt.