Final answer:
In some jurisdictions, if the value of property in grand larceny is less than $3,500, it constitutes a category C felony. The classification may vary by state, and the Fifth Amendment requires indictment by a grand jury or an equally fair process.
Step-by-step explanation:
If the value of the property involved in the grand larceny is less than $3,500, the person who committed the grand larceny is guilty of a category C felony in some jurisdictions. However, it's important to note that the classification of felonies can vary by state. In general, grand larceny is considered a felony, which is a serious crime. According to the Fifth Amendment, a person can be tried in federal court for a felony only after a grand jury issues an indictment, which suggests that there's reasonable cause to try them.
This process ensures that the legal rights of the accused are protected. Although the Supreme Court has indicated that states do not have to use grand juries, they must have an equally fair process for indictment.