Final answer:
The value placed on property by the owner is not the ultimate test to determine its value in a theft.
Step-by-step explanation:
The statement regarding the value of property in a theft is false. The value placed on the property by the owner is not the ultimate test to determine its value. In the case of a theft, the value of the property is typically determined by objective criteria such as market value or appraisal value. For example, if a piece of jewelry is stolen, the value of the jewelry would be determined based on its market value at the time of the theft, not the value placed on it by the owner. This is especially important in legal proceedings when compensation or punishment is determined based on the value of the stolen property.