From my understanding you can sell it as long as the account remains current with Verizon.
I while back I cancelled my service with them, sold my iPhone and didn't pay it off for another month. The buyer didn't have any issues whatsoever and never even had a clue it was still under verizons payment plan.
By cancelling your service, you had to pay the device off. I don't know how else that would have happened.
Oh okay, I see what you said. So they actually let you cancel your service entirely without paying your phone off? I find that very hard to believe. They made it abundantly clear that I would be responsible for paying the balance of the phone if I canceled service.
Yep. I had an iPad Mini 2 on "the plan". I paid the outstanding balance before selling it.
I knew the person I was selling it to, so I left the data active for a month before they activated it on their account.
Watch out though... Verizon is pretty terrible about deactivating devices. They have sometching where you can suspend a device, which is usually what they end up doing- then I have to call them two more times before it's finally off my account.