Tim Was Charged with Theft After He Took a Canoe

question 41

Multiple Choice

Tim was charged with theft after he took a canoe from a cottage, paddled it 5 kilometres down a river, and abandoned it. He claims that he was lost and that he needed to use the canoe for his survival. Which of the following approaches is Tim using for his defence?

• A)absolute liability
• B)justification
• C)excuse
• D)precedent

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Definitions:

Return of Merchandise

This is when customers return purchased goods to the seller, usually due to defects, dissatisfaction, or the desire for an exchange or refund.

Perpetual Inventory System

An inventory management method that tracks the sale and purchase of inventory in real time to ensure accurate stock levels.

Payment on Account

A transaction that reduces the amount owed on an outstanding accounts payable balance.

Gross Profit

The financial metric that represents the difference between revenue and the cost of goods sold, before deducting overhead, payroll, taxation, and interest payments.