The Intentional Dispossession or Unauthorized Use of the Personal Property

question 12

Multiple Choice

The intentional dispossession or unauthorized use of the personal property of another is known as:

• A) conversion.
• B) trespass to personal property.
• C) fraud.
• D) stealing.

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Definitions:

Rate of Interest

The rate at which interest is applied to a loan or credited to savings.

Investment

Allocating resources, usually money, with the expectation of earning an income or profit.

Term Deposits

Fixed-term savings accounts that typically offer higher interest rates, where money is locked in for a certain period.

Surplus Funds

Excess money or assets that remain after all expenses have been paid.