Dear 100 Hour Board,
You probably got many responses to Board Question #45241, but here's another, just in case. Now, keep in mind, "I'm a lawyer, but not your lawyer," and also--I don't practice intellectual property law, but I took a few intellectual property classes in law school.
Here's the deal, owners of copyrights often state what they wish their rights were on their copyrighted material. So they'll write, for example, "This material may not be reproduced for any reason except with permission from the owner." But that isn't true. That statement totally discounts the first sale doctrine as if it doesn't exist. That's lesson #1: copyright owners write on their products what they wish their rights were, they do not write on their products what your rights are.
You don't care about fair use, though--I was just using that as an example. You're wondering whether the first sale doctrine applies to your review book, because the copyright owner seems to imply that it does not.
Basically, Laser Jock is pretty much correct, but I'll clarify his answer a bit. You didn't buy a license to use your review book; you just purchased a book from a bookstore. It would be a license if the copyright owner still maintains ultimate control over that book, which he doesn't (this is more debatable with software, but that's a completely different story. The law is clear with regard to books--you own that book, you don't merely hold a license to it). You bought the physical book--you can do whatever you want with that book. You can't, however, do anything you want with photocopies of that book.
But you aren't asking if you can photocopy the book and give a copy to your friend. You obviously know that is illegal--your friend can go buy his own book. The problem is that you would have then made it so you and your friend can both use the book at the same time without the inconvenience of having to be in the same room at that time.
You're just asking if you can give the book to a friend when you're done with it, which is completely different from photocopying it. Sure you can give it to your friend. Heck, you can even sell it to that friend. Or you can sell it on eBay. Or you can rip it apart and sell it one page at a time. It doesn't matter--you own that book and you can do anything you darn well please with it.
In short, this copyright owner appears to have followed the trend of overstating his rights as a copyright owner.
Not your lawyer