Grand Larceny: Which statement best describes Grand Larceny?

Grand Larceny: Which statement best describes Grand Larceny?

• A. The theft of money or property valued at $1,000 or more.
• B. The theft of money or property valued at $999 or less
• C. The theft of money or property valued at $2,000 or more
• D. It is a common misdemeanor

Answer: (A)

Grand larceny is defined by the value of what is stolen. In this material, theft of money or property valued at $1,000 or more is grand larceny, which makes it a felony with more severe penalties than petty larceny (theft of less than $1,000). The option stating $999 or less describes petty larceny, not grand larceny. The option claiming $2,000 or more points to a higher threshold or degree not used for the basic definition here. And grand larceny is not a misdemeanor; it is a felony.

Grand larceny is defined by the value of what is stolen. In this material, theft of money or property valued at $1,000 or more is grand larceny, which makes it a felony with more severe penalties than petty larceny (theft of less than $1,000). The option stating $999 or less describes petty larceny, not grand larceny. The option claiming $2,000 or more points to a higher threshold or degree not used for the basic definition here. And grand larceny is not a misdemeanor; it is a felony.