What are the key elements required to establish larceny?

To establish larceny, the key elements focus on the unlawful taking and carrying away of someone else's property with the intent to permanently deprive the owner of that property. The concept of intent is crucial; the perpetrator must have the intent to permanently deprive the owner of their property at the time of the taking. Furthermore, there must be an actual taking of the property, where the defendant exercises control over it.

The requirement of a transfer of possession isn't strictly about transferring ownership but rather the act of taking the property into possession away from the owner. This includes scenarios where the property is physically moved, even if the defendant does not take it far from its original location.

Other choices introduce concepts that do not accurately represent the essential components of larceny. For instance, some options may suggest elements like temporary borrowing which indicates an intent to return, which is contrary to the definition of larceny because true larceny requires an intent to keep the property permanently. Therefore, the correct answer highlights the necessary legal principles that define larceny succinctly and accurately.