Step 1: Recognize the conic equation.
The given equation represents a pair of straight lines. We can rewrite it in the form \( (Ax + By)(Cx + Dy) = 0 \), which represents the equation of two straight lines. To determine the angle between the lines, we use the condition for perpendicularity. In this case, the lines are perpendicular.
Step 2: Conclusion.
Thus, the lines are perpendicular, corresponding to option (B).