You merely purchased a license to listen to the content on
> the medium you paid for.

I read, somewhere, that licenses, or End User License Agreements (EULA)
may say you are only liscencing but there was some landmark case about 5
years ago where a judge ruled against it. This allows people to now resell
their software legally.

Anyone have more clarification on this?

It sounds to me like its not a legally binding agreement. Otherwise
wouldn't it be illegal for me to sell a used copy of my software on ebay?
Or has that become illegal while I've  not been watching?

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