Here .. Pull this
Join Date: Jan 2007
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If you've accepted a deposit, then you have entered into an agreement of sale, even if there is no written documentation. There is no real legal or ethical reason not to show the boat to other potential buyers, as long as you do not enter into a subsequent agreement with them to sell them the same boat.
Accepting a deposit from one of them could possibly be construed as a fraudulent act, if the person who gave you that deposit turned around at some point and decided to take action against you, claiming that you failed to make them aware that the boat was already conditionally sold. Probably unlikely, but there are some real unusual folk out there.
Not a bad idea to show it and line up some backup buyers, in case the deal goes south, but if they want to give you money, it would be much better to have it put into escrow with documents clearly outlining that it is accpeted as an indication of the buyer's intention to make an offer to purchase, and does not consitute a sales deposit.
The safest thing to do would be show the boat to as many other people who want to see it, explain the situation to them, get their phone numbers and call them if the current buyer backs out.