Yes of course. When it comes to activation you'll have to call and purchase
another licence. Windows has always been 1 licence per system - since at
least 3.1.
Correct, you can have either one copy with 2 licenses, or 2 copies (each
with its own license).
I stated the second however, because most people do not understand getting a
second license, and the cost is not that much cheaper.
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