Lucious borrowed money and could not repay what he owed, so he borrowed money from Guavo to repay the old loan. Now, Lucious is working for Guavo to pay the new loan. In the meantime, Guavo provides shelter and food for Lucious and adds these expenses on to Lucious' debt. In truth, Lucious will never be able to work enough to pay off his growing debt to Guavo. This is an example of:
A) Debt Bondage
B) Contract Slavery
C) Neocolonialism
D) Chattel Slavery

Question

Quizplus · Accepted Answer

Debt bondage is a form of modern slavery that involves the use of debt to coerce someone into working to pay off a loan. The terms of the debt are often impossible to meet, which keeps the individual in a cycle of debt and labor, as illustrated in the scenario with Lucious and Guavo.

Lucious Borrowed Money and Could Not Repay What He Owed