In order to successfully establish a Lloyds Bank v Rosset 'category one' trust, it must be based on a common intention that is shared between the parties.

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A Lloyds Bank v Rosset 'category one' trust requires that there is a shared common intention between the parties involved. This means that each party must have intended for the property to be held in trust for their joint benefit, even if this was not explicitly stated at the time. Without this common intention, a 'category one' trust cannot be established.

In Order to Successfully Establish a Lloyds Bank V Rosset