A prospective buyer offers a licensee the title to his speedboat as an earnest deposit on a property. Knowing the value of the speedboat, may the licensee accept the title as an earnest deposit? OA. No, an earnest deposit must be a personal or cashier's check only. B. Yes, if the property owner gives written consent. OC. Yes, if the licensee is certain of the value of the boat. OD. No, personal property is not allowed as an earnest deposit.
