Administrative
Presumption of rationality in judicial review of contracts does not apply to rights of first refusal, given their anticompetitive nature.
Oklahoma Gas and Electric Co. v. FERC
Since 2011. An occasional commonplacing of the U.S. Circuit Courts of Appeal.
Not written by a barrister. The name was thought up by a second-year American law student sitting in a coffeehouse in Manhattan. Neither an authoritative statement of the law nor legal advice.
Don't rely. Quick work.