http://www.dictionary.com search term = theft


theft

\Theft\, n. [OE. thefte, AS. [thorn]i['e]f[eth]e, [thorn][=y]f[eth]e, [thorn]e['o]f[eth]e. See Thief.] 1. (Law) The act of stealing; specifically, the felonious taking and removing of personal property, with an intent to deprive the rightful owner of the same; larceny.

Technically accurate but you left out the parts highlighted by my original comments.

You can argue the remaining aspects of the notes however I'm sure many of these cases are decided on the the first to conditions being true.

Note: ((To constitute theft there must be a taking without the owner's consent, and it must be unlawful or felonious) every part of the property stolen must be removed, however slightly, from its former position; and it must be, at least momentarily, in the complete possession of the thief. See Larceny, and the Note under Robbery.

Hope this helps.