Step 1: Recall the circulatory system in molluscs.
Most molluscs possess an open circulatory system.
The only exception is
\[
\boxed{\text{Class Cephalopoda}}
\]
which has a well-developed closed circulatory system.
Step 2: Choose the correct option.
Therefore,
\[
\boxed{(D)}
\]
is the correct answer.