Sarah, Who Had Just Celebrated Her 21st Birthday, Was Distraught

Sarah, who had just celebrated her 21st birthday, was distraught over the fact that her tuition had recently gone up. She did not qualify for any further student funding, so she had no alternative but to borrow money from FastCash Loans. Without getting legal advice, she signed a contract in which she agreed to pay back the money along with interest. Because Sarah was a student, and therefore a high-risk client, the interest clause was to be calculated at the rate of 80 percent per year. Sarah failed to pay back all of the funds and FastCash Loans sued her. What argument might she successfully raise to limit the amount of her obligation?

A) Because Sarah did not receive independent legal advice, the loan agreement is void.
B) Because the interest rate was over 60 percent, the interest provision was contrary to the Criminal Code.
C) The Interest Act provides that in any contract where interest is payable, interest must be stated as an monthly rate.
D) Under the Student Finance Act, it is unlawful to charge interest to a student.
E) Because Sarah is a student, she lacked capacity to agree to the terms of the contract.