Licences and compatability

1) Does anyone here know the legal position regarding purchasing second hand software? Are people allowed to sell their software with the license keys to a new purchaser. If they have lost the key but the disks are clearly genuine Apple supplied (with boxes, manuals etc) will Apple supply a replacement key? If not how can you get the S/W to work?
2) Will Final Cut Studio HD then upgraded to Final Cut Studio 2 HD run without issues on a MacBook Pro 4,1 4gb memory 667mhz DDR2 SDRAM, 2.5 ghz Intel Core Duo
Thanks in advance

Thanks for your fast and informative reply.
With regard to the Apple guidelines over proof of purchaase do you know if they will accept my proof of purchase from the current owner (a private individual) by producing an Invoice from him etc or do I have to try to get original purchase documentation from him.
If he's lost the licence key I guess he's lost the original purchase info?
I don't even know if he is the original purchaser but they are genuine discs, boxes and manuals etc
Cheers
John

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