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However, what is to prevent me from loaning or renting my Kindle containing the book to interested parties with a proviso they returned it to me.
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Absolutely nothing. But it still
might break the contract that you agreed to (I'm not arguing whether the contract would hold up in court or not). There is nothing standing between you and selling your used ebooks except possibly your own conscience (and a few pesky laws here and there). So let 'er rip... and be sure to keep us up to date on how it all turns out!