Petit Larceny: Petit Larceny is defined as theft of money or property valued at what amount?

Petit Larceny: Petit Larceny is defined as theft of money or property valued at what amount?

• 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. The theft of money or property valued at $5,000 or more

Answer: (B)

The value threshold between petty (petit) larceny and grand larceny is what this item tests. In this jurisdiction, theft of money or property valued at $999 or less is petit larceny, a misdemeanor. If the amount is $1,000 or more, it becomes grand larceny, with harsher penalties. So the correct idea is that petit larceny covers thefts under $1,000; amounts at or above $1,000 do not fit petit larceny. The other options describe higher values that would be grand larceny.

The value threshold between petty (petit) larceny and grand larceny is what this item tests. In this jurisdiction, theft of money or property valued at $999 or less is petit larceny, a misdemeanor. If the amount is $1,000 or more, it becomes grand larceny, with harsher penalties. So the correct idea is that petit larceny covers thefts under $1,000; amounts at or above $1,000 do not fit petit larceny. The other options describe higher values that would be grand larceny.