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HarryT have you ever broken the speed limit? just by a few mph? Legal doesn't always mean right, and illegal doesn't always mean wrong.
Copying an artistic work and selling those copies for personal gain without contributing to the artist is wrong. Whether it's music, books or paintings. The artist put a lot of effort into producing that work in your hands, in the form they deemed as close to perfect as they can manage. If you don't like it, and want to part with it, you've paid for that 'edition' of the work and can do what you like with it, including pass it on to others. Even for a personal profit. - this is true for physical books, CDs, paintings etc and I see no reason why it shouldn't be true for ebooks. BUT the big provisio hanging over all of it, is that once you've passed it on, you don't have any further rights/access to it. No copying. Of course this is muddied slightly by artists who don't mind you copying who produce their work for free and prefer to widely known rather than slightly less poor.
In terms of your specific legal situation - speak to lawyers. It's their job to advise you. If you've got half a dozen odd books on a reader you don't want anymore, I doubt that anyone is bothered. If you are making a living from it, someone will want their fair share first. - All in My Humble Opinion of course.
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