Jimmy Lane, the Owner of a Convenience Store, Suspects That

question 17

Multiple Choice

Jimmy Lane, the owner of a convenience store, suspects that Tom has shoplifted a can of pop. Jimmy approached Tom and demanded to look into his backpack. Tom refused whereupon Jimmy grabbed Tom, spun him around and opened his backpack to discover the can of pop. Which of the following statements best describes the legal position?

• A)Tom has committed the tort of conversion
• B)Jimmy has committed the tort of false imprisonment
• C)Jimmy has not committed any torts
• D)Jimmy has committed the tort of assault
• E)Both A and D

---

Definitions:

Bank Account

A financial account maintained by a financial institution for a customer, allowing the customer to deposit and withdraw money, and in many cases, earn interest.

Nominal Interest Rates

The interest rates unadjusted for inflation, reflecting the rate of time-preference for current goods over future goods in monetary terms.

Real Interest Rates

Interest rates adjusted for inflation, reflecting the true cost of borrowing and the real yield for lenders.

Inflation

The pace of upsurge in the collective market prices for goods and services, decreasing the capacity to spend.