Conversion Is the Act of

question 154

Multiple Choice

Conversion is the act of

• A) wrongfully taking personal property from its rightful owner.
• B) wrongfully taking real property from its rightful owner.
• C) buying stolen goods.
• D) wrongfully taking personal property from its rightful owner or buying stolen goods.

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Definitions:

United States

A country in North America known for its large economy and diverse population, officially known as the United States of America.

Underground Economy

Unreported or illegal production of goods and services that is not counted in GDP.

GDP

GDP, or Gross Domestic Product, represents the entire value of goods and services produced within a nation's boundaries during a certain time frame.

Net Exports

The value of a country's total exports minus its total imports; a positive number indicates a trade surplus, and a negative number indicates a trade deficit.