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  • Presumably because of their position that a liquor license is a privilege or a permit and not a property right which can be mortgaged or assigned, the appellants have not argued that the agreement was a transaction intended to create a security interest (Section 41-09-02 (1) (a), N.D.C.C.), in a general intangible (Section 41-09-06, N.D.C.C.), which should have been perfected in order to prevail a
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