Olivo was in the hardware area of a department store. A security guard saw him look around, take a set of wrenches, and conceal it in his clothing. Olivo looked around once more and proceeded toward an exit, passing several cash registers.
The guard stopped him short of the exit. Olivo maintains that larceny is not legally established unless the defendant leaves a place of business without paying for merchandise in his possession. Is Olivo correct? Explain.