I don't like the "licensed not sold" line. A copy was sold, U.S. law (generally) backs that up, and that means there are certain things you can do with it such

I don't like the "licensed not sold" line. A copy was sold, U.S. law (generally) backs that up, and that means there are certain things you can do with it such as loan it out or give it away/resell it. You can't copy it, but that's because of copyright law, not because it's licensed-not-sold.