Final answer:
The theory that states time and space are relative and alludes to mass and energy affecting the fabric of space-time describes Einstein's Theory of General Relativity, not Newton's laws or Hubble's Law.
Step-by-step explanation:
The statement regarding the theory of relativity and how time and space are relative to the observer's reference point is describing Einstein's Theory of General Relativity. This theory revolutionized our understanding of physics by detailing how the presence of mass and energy can warp the fabric of space-time, affecting the passage of time and the path of objects moving through space. Unlike Newton's Laws of Motion or Law of Gravitation, which presume that gravity is a force acting at a distance, Einstein's model proposes that gravity is the result of curves in space-time caused by mass and energy. This is distinct from Hubble's Law, which relates to the observation that the universe is expanding, and different galaxies are moving away from each other at speeds proportional to their distance.