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I'm afraid that's not true. When you buy the book, you can do what you want with it. If you wish to transcribe it electronically and read it that way, you are free to do so. What you are not free to do is to distribute that version to the public, i.e. sell it, give it to students in classes, etc... The copyright law does not seek to, nor could it, police what anyone does privately.
"Fair use" is a different matter and is traditionally used to justify reproductions of texts and pictures in articles, reviews, etc...
Cheers, Philippe Radley
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