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I feel I have agreed to the restrictive terms when I bought or borrowed the book - that's part of the reason I expect the price to be lower - so the moral question is whether I am happy to break my word, not what kinds of lending are acceptable.
I guess, though, I'd be happy with lending out an ereader with my books on it. (Morally, at least; I'm not sure I'd actually want to do it.)
I might be willing to break the DRM on a library book if I wasn't going to finish it in time, but I can't help thinking that's a slippery slope. Would I really then want to delete it when I do finish it? In practice I tend to just put the extra effort in to get it finished on time.
I can't see that it's ever morally OK to give someone a duplicate.
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