Reiko Notices New Luxury Watches in a Jewellery Store Window

Reiko notices new luxury watches in a jewellery 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 commited an act of bankruptcy and so must become bankrupt.
E) is a bankrupt.