Microsoft Server 2012 and Hyper-V 2012 licensing

I have some questions about the licensing

Windows Server 2012 Standard license (2 physical CPU) --> allows to install two virtual machines

Question 1) I'm allowed to install two virtual machines based on Server 2012 Standard (then I have 3 servers with 1 license)? Or a maximum of two virtual machines running Windows/Linux/whatever?

If I run the Hyper-V 2012 server (free hypervisor)

Question 2) and i buy a Server 2012 Standard license. I'm allowed to install/run two virtual machines based on 2012 server?

Because you have 1 P(hysical)OSE and 2 V(irtual)OSE licenses with 2012 standard.

I found a MS article

It says: if you have 2012 standard and you use both virtual instances. Then you can only use the host (OSE) for management of the two VOSE (virtual instances)?