If it is proved on behalf of a person accused of having stolen or committed a fraudulent breach of trust in respect of monies or other things—
(a) that it was lawful for him or her to appropriate the particular monies or other things, or any of them; and
(b) that he or she was only bound to account for the amount or value thereof,
he or she is not guilty in respect of the monies or things which he or she has appropriated, unless it is proved against him or her that:
(i) he or she has admitted that the appropriation of them was dishonest,
(ii) that he or she has concealed or absconded with them or with the proceeds of them,
(iii) that he or she has concealed or denied, or attempted to conceal, or refused or omitted to disclose according to his or her obligation, the fact of the receipt or disposal of them,
(iv) or that he or she knew that the effect of the disposal of them would be to disable him or her from accounting for the amount, value, or proceeds of them according to his or her obligation.