The Theft Act of 1927 consolidated a variety of common law crimes into theft. The state now distinguishes between two types of theft, grand theft and petty theft.  Grand theft generally consists of the theft of something of value over $950 (it can be money, labor or property but is lower with respect to various specified property),  while petty theft is the default category for all other thefts.  Grand theft is punishable by up to a year in jail or prison, and may be charged (depending upon the circumstances) as a misdemeanor or felony ,  while petty theft is a misdemeanor punishable by a fine or imprisonment not exceeding six months in jail or both.  As for the older crimes of embezzlement , larceny , and stealing , any preexisting references to them now mean theft instead. 
It is often stated that relativism about truth must be applied to itself.   The cruder form of the argument concludes that since the relativist is calling relativism an absolute truth, it leads to a contradiction . Relativists often rejoin that in fact relativism is only relatively true, leading to a subtler problem: the absolutist, the relativist's opponent, is perfectly entitled, by the relativist's own standards, to reject relativism. That is, the relativist's arguments can have no normative force over someone who has different basic beliefs .