Can a friend and I share one license for Photoshop Elements 12 on separate computers?

A friend and I want to pitch-in to get a license for Elements, but we'd like to see if we can each use it on our respective computers before we decide to buy.
Also, if I decide that I want my license to change from my laptop (which will use the software first) to my beefier desktop, how might that work? A transfer of license or something of the sort?
Thanks!

No more than one user can use a single-user license Adobe product.
End-user license agreements FAQ
Can I use my software on two computers?
If you own, or are the primary user of, a single-user or volume license Adobe product that is installed on a computer at work, you can also install and use the software on one secondary computer of the same platform at home or on a portable computer. However, you may not run the software simultaneously on both the primary and secondary computers.
No more than one user can use a single-user license Adobe product.
Note: AVL customers have to buy two different licenses to use both operating systems, even if they have two different computers. They can only use the same license on another computer (not simultaneously) with the same platform at home.
For more information regarding Adobe's activation policy, including recent changes, see the Product Activation FAQ.

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