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Question

PRINCIPLE: 'Wrongful gain' is gain by unlawful means of poverty to which the person gaining is not legally entitled. 'Wrongful loss' is the loss by unlawful means of property to which the person losing it is legally entitled.
FACTS: 'X' takes away 'Y's watch out of Y's possession, without 'Y's consent and with the intention of keeping it.
  1. 'X' causes 'wrongful gain' to 'Y'
  2. 'Y' causes 'wrongful gain' to 'X'
  3. 'X' causes 'wrongful loss' to 'Y'
  4. 'Y' causes 'wrongful loss' to 'X'

A
'X' causes 'wrongful gain' to 'Y'
B
'X' causes 'wrongful loss' to 'Y'
C
'Y' causes 'wrongful loss' to 'X'
D
'Y' causes 'wrongful gain' to 'X'
Solution
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X has caused wrongful loss to Y by depriving him of his property that is his watch without his permission and by unlawful means. X has also caused wrongful gain to himself by transferring the watch to himself to which he has absolutely no legal entitlement. Gain and loss may not only mean monetary gain or monetary loss, non-enjoyment of the property or unlawful enjoyment of the property are also examples of wrongful loss and wrongful gain.

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Q1
PRINCIPLE: 'Wrongful gain' is gain by unlawful means of poverty to which the person gaining is not legally entitled. 'Wrongful loss' is the loss by unlawful means of property to which the person losing it is legally entitled.
FACTS: 'X' takes away 'Y's watch out of Y's possession, without 'Y's consent and with the intention of keeping it.
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Q2
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Principle: Whoever intending to take dishonestly (with an intention to cause wrongful loss to another or wrongful gain to himself) any movable property without that person's consent, moves that property in order to such taking, is said to commit theft.

Factual Situation: A had lent his watch to B for a period of a month. Two days after he had done so, he walked into B's office to find the watch on B's table. He decided to take the watch back. A was prosecuted for theft.

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