C/L/151. The contract (rights of the third parties) Act 1999 did not abolish the privity rule. The rule is still needed along with its exceptions. Discuss the accuracy of this statement

This assignment will discuss whether or not the statement that 'The contract (rights of the third parties) Act 1999 did not abolish the privity rule. The rule is still needed along with its exceptions' is accurate. The privity rule and its exceptions together with The Contract (rights of third parties) Act 1999 will be discussed in detail. It will be concluded that the Contract Act 1999 has not abolished the privity rule but that it has simply created further exceptions to it. It will be concluded that if the Act intended to abolish the existing law then specific reference would have been made, however instead the Act specifically reserves the position.