Selling GS3 for G4. Can I reinstall the Apps without paying them again?

I'm thinking about selling the old GS3 for the new G4.
1) Can I deinstall all the Apps from GS3 and reinstall them on the new G4 without having to pay the Apps all over again?
2) Can a potential buyer of mine (GS3) be able to keep all the Apps I purchased and use his own account to update the Apps?
Thanks
Thanks

1) Yes:
http://support.apple.com/kb/HT2109
2) No.

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