I'm finding this problem question SO difficult to tackle in Equity and Trusts! I don't even know how to structure it! I know that it's about gifts and how equity will not perfect and imperfect gift, and I know I have to use the case of Milroy V Lord and Strong V Bird, but I don't know how to dissect the question and how to apply these cases because everything is jumbling together in terms of constitution of a trust to me.
Charles was passionate about restoring Beechyhead castle but had been refused further loans by the bank. Lord Marchmain, on his arrival, lent Charles £100,000 interest free to be paid back when the castle could start receiving visitors. However, after having lived there for two weeks, Lord Marchmain was so moved by Charles’s love for the castle that he told Charles not to worry about paying that loan back.
Please help! (May I point out that Lord Marchmain dies)
I don't want Oxford to know I only got an A...