Bob buys a house that turns out to be a financial drain. Explain how the law defines arson

Bob buys a house that turns out to be a financial drain. It is a money pit that needs all kinds of expensive repairs. One day he decides to burn it down. He has no intention of filing an insurance claim. He just wants to get rid of the house. Is he guilty of arson? Why or why not? Explain how the law defines arson

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