Oes privity of contract confer rights and obligations on third parties?

the hypothesis of this dissertation is privity can/cannot confer rights and obligations on a third party. we need to show a clear understanding of the rule of privity in English law, and the third paty rights. discuss the history of privity aswell as the exceptions to the rule. also discuss advantages and disadvantages of the privity rule. include all relevents case law aswell as statutes.
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