Claims in the End User License Agreements (EULA) that the software is licensed not sold is nonsense. It certainly will not hold anywhere in EU. There are only some backwards courts in US that still allow it, due to ignorance. The first-sale doctrine as it relates to computer software is an area of legal confusion in US only.

But not very much longer. As the rest of the world doesn't allow such EULAs, neither will US.

BiggDevo,

As long as you have the orginal receipt (or a receipt from your friend) you're in the clear.