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Personal items may soon be illegal to sell

POSTED: Monday, October 8, 2012 - 6:04pm

UPDATED: Monday, October 8, 2012 - 7:31pm

You own the stuff you buy right?

Whenever you want to sell's yours to sell too?

We all have personal items we want to sell, electronics, antique furnishings, books, art, CD's and DVD's without getting permission....because we own it.

Now it's being challenged. market watch reports....products made overseas. Copyright holders have to give permission to sell it.

Kirtsaeng V. John Wiley & Sons, is the first-sale doctrine in copyright law, allowing you to buy and sell without permission of the copyright holder.

So.... you own your product after the first-sale.

Market watch reports...that can soon change...

The decision to regulate selling foreign products is on the supreme courts agenda this fall.

What does this mean for online companies and for people whom buy and sell?

People sell items on EBay and Craigslist and buy from those sites to save money.

Market watch reports-- the Kirtsaeng's V. John Wiley & Sons case, Kirtsaeng, a native of Thailand, came to the U.S. in 1997  to study at Cornell University. When he discovered that his textbooks, produced by Wiley, were substantially cheaper to buy in Thailand than in New York.

He then sold them on EBay, making $1.2 million, according to court documents.

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