For this system, the determinant of the coefficient matrix is \( 1 - k^2 \).
For the system to have no solution, we set the determinant equal to zero:
\[
1 - k^2 = 0 \quad \Rightarrow \quad k = \pm 1.
\]
Hence, for \( k = 1 \), the system has no solution. For \( k \neq 1 \), the system has exactly one solution. For \( k = -1 \), the system has infinitely many solutions. Therefore, the correct answer is \( \boxed{A} \) \& \( \boxed{D} \).