cancelling contract

[minnieusa]

if i cancel my verizon contract and pay the $340 cancellation fee, is the s3 mine to sell

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[iFebby]

Yup, its all yours to do what ever you want.

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[cgardnervt]

if i cancel my verizon contract and pay the $340 cancellation fee, is the s3 mine to sell

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Yes it is. However if you do not pay the balance they will black list your phones ESN so that no one on the network can activate it under another account. Just an FYI but it sounds like you got it under control.