[palex481]

From the Sony Ebook Store Terms of Service:

7.7. Restriction on Use Related to Content. The license granted to you hereunder does not convey to you any of the following: (a) reproduction or promotional use rights in the Content (e.g., any uses that implicate or require public performance or print music rights, or any use that would result in the commercial redistribution of the Content or the musical composition underlying the Content), (b) rights to enter into arrangements with any revenue-generating broadcast system (terrestrial, satellite, cable and/or other distribution channels), (c) rights to distribute or redistribute Content on streaming applications (via Internet, intranets and/or other networks), (d) rights to distribute to others Content on other content distribution systems (pay-audio or audio-on-demand applications and the like) or on physical media (compact discs, digital versatile discs, semiconductor chips, hard drives, memory cards and the like), or (e) commercial, sale, resale, reproduction, distribution or promotional use rights for the Content. Any digital rights management solution that is provided with Content is an inseparable part. If you have Content, it is your responsibility not to lose, destroy or damage such Content.


Part e: says you don't have the right for sale or resale. Basically you are giving up the right to the First Sale doctrine, "The doctrine allows the purchaser to transfer (i.e., sell or give away) a particular lawfully made copy of the copyrighted work without permission once it has been obtained."(Wikipedia)

Now whether such terms of serivce are legally binding and would hold up, I don't know. IANAL.