Q:Information: - Law is a system of rules that are created and enforced through social or governmental institutions to regulate behavior. State-enforced laws can be made by a collective legislature or by a single legislator, resulting in statutes, by the executive through decrees and regulations, or established by judges through precedent, normally in common law jurisdictions. Private individuals can create legally binding contracts, including arbitration agreements that may elect to accept alternative arbitration to the normal court process. The formation of laws themselves may be influenced by a constitution, written or tacit, and the rights encoded therein. The law shapes politics, economics, history and society in various ways and serves as a mediator of relations between people. - A system is a set of interacting or interdependent component parts forming a complex or intricate whole. Every system is delineated by its spatial and temporal boundaries, surrounded and influenced by its environment, described by its structure and purpose and expressed in its functioning. - A constitution is a set of fundamental principles or established precedents according to which a state or other organization is governed. These rules together make up, i.e. "constitute", what the entity is. When these principles are written down into a single document or set of legal documents, those documents may be said to embody a "written" constitution; if they are written down in a single comprehensive document, it is said to embody a "codified" constitution. Some constitutions (such as the constitution of the United Kingdom) are uncodified, but written in numerous fundamental Acts of a legislature, court cases or treaties. - Common law (also known as case law or precedent) is law developed by judges, courts, and similar tribunals, stated in decisions that nominally decide individual cases but that in addition have precedential effect on future cases. Common law is a third branch of law, in contrast to and on equal footing with statutes which are adopted through the legislative process, and regulations which are promulgated by the executive branch. In cases where the parties disagree on what the law is, a common law court looks to past precedential decisions of relevant courts. If a similar dispute has been resolved in the past, the court is usually bound to follow the reasoning used in the prior decision (a principle known as "stare decisis"). If, however, the court finds that the current dispute is fundamentally distinct from all previous cases (called a "matter of first impression"), judges have the authority and duty to resolve the issue (one party or the other has to win, and on disagreements of law, judges make that decision). Resolution of the issue in one case becomes precedent that binds future courts. "Stare decisis", the principle that cases should be decided according to consistent principled rules so that similar facts will yield similar results, lies at the heart of all common law systems. - Regulation is an abstract concept of management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context. For example: - History (from Greek , "historia", meaning "inquiry, knowledge acquired by investigation") is the study of the past as it is described in written documents. Events occurring before written record are considered prehistory. It is an umbrella term that relates to past events as well as the memory, discovery, collection, organization, presentation, and interpretation of information about these events. Scholars who write about history are called historians. - Rights are legal, social, or ethical principles of freedom or entitlement; that is, rights are the fundamental normative rules about what is allowed of people or owed to people, according to some legal system, social convention, or ethical theory. Rights are of essential importance in such disciplines as law and ethics, especially theories of justice and deontology. Rights are often considered fundamental to civilization, being regarded as established pillars of society and culture, and the history of social conflicts can be found in the history of each right and its development. According to the "Stanford Encyclopedia of Philosophy", "rights structure the form of governments, the content of laws, and the shape of morality as it is currently perceived". - The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been put into law with the goal of harmonizing the law of sales and other commercial transactions across the United States of America (U.S.) through UCC adoption by all 50 states, the District of Columbia, and the U.S. territories. - A statute is a formal written enactment of a legislative authority that governs a state, city or country. Typically, statutes command or prohibit something, or declare policy. Statutes are rules made by legislative bodies; they are distinguished from case law or precedent, which is decided by courts, and regulations issued by government agencies. Statute law is written by a government's legislative body and signed into law by its executive. - A sale is the exchange of a commodity or money as the price of a good or a service. Sales (plural only) is activity related to selling or the amount of goods or services sold in a given time period. - Politics (from Greek: Politika: P"olitika", definition "affairs of the cities") is the process of making decisions applying to all members of each group. More narrowly, it refers to achieving and exercising positions of governance organized control over a human community, particularly a state. Furthermore, politics is the study or practice of the distribution of power and resources within a given community (a usually hierarchically organized population) as well as the interrelationship(s) between communities. - A contract is a voluntary arrangement between two or more parties that is enforceable by law as a binding legal agreement. Contract is a branch of the law of obligations in jurisdictions of the civil law tradition. Contract law concerns the rights and duties that arise from agreements. - A court is a tribunal, often as a government institution, with the authority to adjudicate legal disputes between parties and carry out the administration of justice in civil, criminal, and administrative matters in accordance with the rule of law. In both common law and civil law legal systems, courts are the central means for dispute resolution, and it is generally understood that all persons have an ability to bring their claims before a court. Similarly, the rights of those accused of a crime include the right to present a defense before a court. - A lawsuit (or suit in law) is "a vernacular term for a suit, action, or cause instituted or depending between two private persons in the courts of law." The term refers to any proceeding by a party or parties against another in a court of law. - Economics (, ) is a social science concerned with the factors that determine the production, distribution, and consumption of goods and services. The term "economics" comes from the Ancient Greek from (', pronounced "eekos", "house") and (', "custom" or "law"), hence "rules of the house (hold for good management)". 'Political economy' was the earlier name for the subject, but economists in the late 19th century suggested "economics" as a shorter term for "economic science" to establish itself as a separate discipline outside of political science and other social sciences. - Anticipatory repudiation, also called an anticipatory breach, is a term in the law of contracts that describes a declaration by the promising party to a contract, that he or she does not intend to live up to his or her obligations under the contract. - Jurisdiction (from the Latin "ius, " meaning "law" and "" meaning "to speak") is the practical authority granted to a legal body to administer justice within a defined area of responsibility, e.g., Michigan tax law. In the federations like USA, areas of jurisdiction apply to local, state, and federal levels; e.g. the court has jurisdiction to apply federal law. - In legal systems based on common law, a precedent, or authority, is a principle or rule established in a previous legal case that is either binding on or persuasive for a court or other tribunal when deciding subsequent cases with similar issues or facts . Common law legal systems place great value on deciding cases according to consistent principled rules so that similar facts will yield similar and predictable outcomes, and observance of precedent is the mechanism by which that goal is attained. The principle by which judges are bound to precedents is known as stare decisis. Black's Law Dictionary defines "precedent" as a "rule of law established for the first time by a court for a particular type of case and thereafter referred to in deciding similar cases." Common law precedent is a third kind of law, on equal footing with statutory law (statutes and codes enacted by legislative bodies), and Delegated legislation (in U.K. parlance) or regulatory law (in U.S. parlance) (regulations promulgated by executive branch agencies). - A society is a group of people involved in persistent social interaction, or a large social grouping sharing the same geographical or social territory, typically subject to the same political authority and dominant cultural expectations. Societies are characterized by patterns of relationships (social relations) between individuals who share a distinctive culture and institutions; a given society may be described as the sum total of such relationships among its constituent members. In the social sciences, a larger society often evinces stratification or dominance patterns in subgroups. - In the United States, a Uniform Act is a proposed state law drafted by the Uniform Law Commission (ULC) and approved by its sponsor, the National Conference of Commissioners on Uniform State Laws (NCCUSL). - A decree is a rule of law usually issued by a head of state (such as the president of a republic or a monarch), according to certain procedures (usually established in a constitution). It has the force of law. The particular term used for this concept may vary from country to country. The "executive orders" made by the President of the United States, for example, are decrees (although a decree is not exactly an order). In non-legal English usage, however, the term refers to any authoritarian decision. - Cover is a term used in the law of contracts to describe a remedy available to a buyer who has received an anticipatory repudiation of a contract for the receipt of goods . Under the Uniform Commercial Code , the buyer is permitted ( but not required ) to find another source of the same type of goods . The buyer may then file a lawsuit against the breaching seller to recover the difference , if any , between the cost of the goods offered and the cost of the goods actually purchased . The possibility of cover will prevent a party from being able to sue for specific performance , which is an equitable remedy that requires the buyer have no adequate remedy at law . If the buyer is able to buy elsewhere and sue for the difference , that provides an adequate remedy . This prohibition does not apply , however , to the sale of unique goods such as original works of art , collectibles , real estate , and exclusive rights . Judge Richard Posner has suggested that the availability of cover allows for efficient breach - that is , that it encourages the most efficient allocation of resources by allowing a seller to breach a contract to sell goods to one buyer when another , more lucrative opportunity comes along . The seller may thus be able to realize a sufficiently increased profit to make more money even after repaying the difference to the original buyer . Therefore , no value is lost in the transaction because the original buyer is in the same position he would have been in but for the breach , and the seller is in a better position . - Behavior is the range of actions and mannerisms made by individuals, organisms, systems, or artificial entities in conjunction with themselves or their environment, which includes the other systems or organisms around as well as the (inanimate) physical environment. It is the response of the system or organism to various stimuli or inputs, whether internal or external, conscious or subconscious, overt or covert, and voluntary or involuntary. After reading the paragraphs above, we are interested in knowing the entity with which 'cover ' exhibits the relationship of 'part of'. Find the answer from the choices below. Choices: - 19th century - biology - body - city - common law - community - constitution - consumption - contract - contract law - court - economics - ethics - government - head - history - human - law - law of obligations - legal case - may - memory - name - organism - politics - population - process - sales - social science - society - state - system - tax - the authority - theory - trends - uniform - united states of america
A:
contract law