Selling/transfering app-store purchases from one user to another?

I purchased iPhoto 2011 for my old macbook, then sold that macbook to a friend and bought a new macbook that has iPhoto 2011 already installed as a part of iLife. Can I 'sell' or 'give' that app-store purchased copy of iPhoto 2011 to the guy who bought my old mac?

Can I 'sell' or 'give' that app-store purchased copy of iPhoto 2011 to the guy who bought my old mac?
That would be a violation of the MAS's End User License Agreement. And he would need for you to visit him every time that there was an update for iPhoto. The version that you got from the MAS is registered to you and only you can update it through the MAS.
You should likely also forget the free version of iPhoto that came with the new MacBook and download and install the MAS version that you bought so that you can continue to receive the updates that will be available for iPhoto in the future through the MAS.

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