Janet Was Walking to Her Car in the Parking Lot

question 24

Multiple Choice

Janet was walking to her car in the parking lot after having been shopping in the mall. As she walked towards her car a man ran out from between two cars and grabbed her purse hanging on her shoulder. Janet held on to the purses and a brief struggle ensured. The purse strap broke and the man ran away with Janet’s purse.
-​What crime best describes what Janet experienced?

• A) ​theft
• B) ​burglary
• C) ​robbery
• D) ​pickpocketing

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Definitions:

Line of Credit

An arrangement by which a bank agrees to lend a specified amount of money to an organization upon request.

Non-recourse Loan

A type of loan where the lender's ability to recoup losses is limited to seizing the collateral, with no right to pursue the borrower's other assets if the collateral’s value is insufficient.

Principal

An amount of money that is loaned or invested, excluding any interest or profit earned on it.

Collateral

An asset that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid according to the agreement.