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Amazon does allow people in some countries to lend an e-book to another person, but while the e-book is on loan, the original purchaser can't access it at all. Think it is only in US that it can be loaned, and for fixed time of 14 days. I also believe that an e-book cn only be given on loan once.
Kindle authors can also place their book in Kindle Library where books can also be put on loan.
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