Month: July 2017

Estafa Vs B.P.22 – What Is the Difference?

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We’re pretty sure there’s a point in time that you became party to a transaction, either as payee or payer. Of course as payee, receiving cash is much preferred as you are sure that your payment was given to you in full sans any further action needed from your end. Now as payer, issuing a check is so much more convenient, especially for substantial transactions, as you would not have to worry about bringing cash and making sure that all your expenses are accounted and debited for, up to the last centavo.

It’s great if all transactions went smoothly without any hitch. However, with both parties making and receiving payment all in good faith. But what if you were conned by someone you had the mistake of trusting? Or what if you issued a check as a show of good faith to close out on a deal but at the time of issuance, the account has insufficient funds and you made a mental note to replenish the account as soon as you got paid. Alas, you then notice that your check bounced.

The above instances had surged over the years and has caused an unfortunate chain reaction which prompted the filing of either or both the following cases: Estafa and Violation of Batas Pambasa (BP) 22 or the Bouncing Checks Law.

Estafa Through Issuance of Unfunded Checks
The crime of Estafa is punished under the Revised Penal Code. One can be held guilty for Estafa by means of issuing a bouncing check with the use of false pretenses or fraudulent acts executed prior to or simultaneously with the commission of the fraud:
“By postdating a check, or issuing a check in payment of an obligation when the offender had no funds in the bank, or his funds deposited therein were not sufficient to cover the amount of the check. (Article 315(2)(d) of the Revised Penal Code as amended by R.A. 4885)”

How can a person be held guilty for Estafa?

Under the RPC, the following elements are necessary to hold a person guilty of Estafa:

  1. Postdating or issuance of a check in payment of an obligation contracted at the time the check was issued
  2. Insufficiency of funds to cover the check, and
  3. Damage to the payee thereof.

The most important element here is the damage caused. Absent any of the following elements, a person cannot be held liable for Estafa.

Case in point:

Andres owns and operates a trading good business and bought merchandise from Bonifacio and issued an unfunded check in consideration of the goods received.

In this scenario, Andres can be held liable for Estafa because he issued a check knowing it to be without sufficient funds to pay the items he bought from Bonifacio. The issuance of the bounced check here was with fraudulent intent.

Bouncing Checks Law (BP 22)
Unlike Estafa which has its basis under the RPC, BP 22 is enacted through a special law. A person can be charged for violation of BP 22 when he commits the following acts:

  1. Making or drawing and issuing any check to apply on account or for value, knowing at the time of issue that he does not have sufficient funds in or credit with the drawee bank for the payment of such check in full upon its presentment, which check is subsequently dishonored by the drawee bank for insufficiency of funds or credit or would have been dishonored for the same reason had not the drawer, without any valid reason, ordered the bank to stop payment;
  2. Having sufficient funds in or credit with the drawee bank when he makes or draws and issues a check, shall fail to keep sufficient funds or to maintain a credit to cover the full amount of the check if presented within a period of ninety (90) days from the date appearing thereon, for which reason it is dishonored by the drawee bank.

How can a person be held guilty for Violation of BP 22?

Violation of BP 22 can be filed against any person when the following are present:

  1. Making, drawing and issuance of any check to apply for account or for value;
  2. Knowledge of the maker, drawer, or issuer that at the time of issue he does not have sufficient funds in or credit with the drawee bank for the payment of such check in full upon its presentment; and
  3. Subsequent dishonor of the check by the drawee bank for insufficiency of funds or credit or dishonor for the same reason had not the drawer, without any valid cause, ordered the bank to stop payment.

Same with Estafa, the presence of all these requirements is important. Otherwise, the charge of BP 22 will not attach. Note that knowledge of insufficiency of funds is presumed when it is proved that the issuer received a notice of dishonor and that within 5 days from receipt thereof, he failed to pay the amount of the check or make arrangement for its payment. Additionally, in BP 22, good faith is immaterial. Meaning, the mere issuance of an unfunded check already consummates the crime.

Using the same example above, Andres can also be charged for Violation of BP 22, other than Estafa, because BP 22 cases also cover issuances of bouncing checks for value received.

Where does the disparity lie?

It is Estafa when, among others, you issue an unfunded check with fraudulent intent in consideration of something of value you received. Here intent is material and good faith may be used as a defense.

It is a case for Violation of BP 22 when you issue an unfunded check whether or not it is for an obligation you contracted prior to the issuance of the check or not. Simply put, you are liable for BP 22 whether you issue a check for a present or a past obligation.

Ayers Rock in The Kata Tjuta National Park – The Long Climb and an Even Longer Descent

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I admit that sometimes I act without thinking too much about the consequences. This caused me already several problems in my life.

As you know I spent already a few days in Uluru. One morning, after considering the pros and cons I decided to climb the Rock.

I suggest that you seriously think about it before doing it.

Ayers Rock is massive, majestic. It commands respect. It’s 348 metres high; like a 95 story building. The track to the top is more or less 1.6 km long. It’s perilous and treacherous. If you are in top physical conditions it will take more or less 3 hours to complete the “expedition”. The first part has got a chain. You can hang on to it and this will help you immensely. It is a tiresome climb and you need to be prepared. If you do not feel 100% you should give up and be happy with your decision: people died here.

About 34 people lost their lives, mainly because of heart attacks. A few people got hurt.

Do not forget the heat.

Another hazardous factor is caused by the wind.

I got there early in the morning. I did not want to accomplish my mission in the middle of the day because of the rising temperatures. I had a pair of good trainers, and a bottle of water and a wind-breaker in my little backpack, just in case.There were not too many people around.

I looked at the sky. It was blue, not too windy either. I started climbing. It was not as easy as I thought. I used the chain all the time trying not to look down.

Sometimes I had to stop to catch my breath.

I remembered clearly that I had to avoid grabbing something in case it fell. It could be fatal.

The ascent is hard, steep and, at times, scary. I used also my hands to climb when the help of the chain was not available anymore. Sometimes I stopped to look around. In the distance I could see the Olgas or Kata Tjua, which means literally ‘many heads’ in Aboriginal.

It is a group of large, domed rock formations not too far from The Rock.

I was nearly there. I could see some little pools of waters all around. Obviously it had rained recently. I noticed a few clouds in the sky. The temperature dropped a little bit.

I finally reached the top. The scenery was amazing. Awesome! I walked around, there was a huge distance of red soil all around me. I could see the round shape of planet earth. I had the feeling that I was alone in the world. It was a very intense. The immensity and the loneliness of the environment made my heart sink.

I spent half an hour on the top. It was time to descend. There were very few people around me. The weather suddenly changed. The sky was grey and it became colder.

I thought: “I hope that it is not going to rain because in this case I could be in trouble.”

I started to move downwards. It was not too difficult but sometimes I had to sit and go down like that… on my bum…

I managed to reach the chain, finally. At that stage it started to rain. The rock underneath my feet became slippery. I got scared. I had good trainers but not good enough with such a weather. I looked down. Fear: that was what I experienced. It kept on raining. Now my feet could no longer hold on to the ground. I stopped. I looked down again. There very few people.

I saw a man waiving at me. He started to climb. He must have noticed that I was facing some difficulties. After a while he reached me. Yes, he saw that I was having serious problems. He told me that he belongs to a rescue group in his hometown, he was just on holiday at the moment and he came up to help me. Lucky!

He had very good climbing and tracking boots. He was very strong and very tall. He was behind me. He told me to put my feet in front of his, because he could hold on to the ground without slipping.

We both hold on to the chain. Being robust my weight did not create him problems.

At that time it was seriously raining. What a tragedy to be there by myself I thought…

I do not remember how long it took us to reach the ground underneath us, but finally we got there. I was very happy that it was all over… He told me that I should have considered the ascent seriously before starting the climb, that I should have been more careful.

I learned a lesson I am afraid… and I was very lucky… I was very grateful to him.

There is another reason why people should not go up Ayers Rock and not only because it is dangerous. Uluro is a sacred site and the Aboriginal owners ask to respect their law and not to climb it.

The climbing route is a sacred path of spiritual significance that is only taken by few Aboriginal men on special occasions. At that time I was not aware of it. I should have been more informed and more respectful.

Does the Age You Get Married Impact Divorce Rates?

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There are many factors in a marriage that can cause or contribute to a divorce. The truth is, the causes for divorces in the United States, like relationships, are very complicated. Even though the divorce rate in America has dropped, in large part due to the Millennial Generation, there are numerous reasons why married couples do not make it until death do they part – one of which is the age they got married.

All Marriages Require Hard Work

Unfortunately marriages do not last based solely on personal chemistry or physical attraction. When you choose to get married, you are vowing to love your partner for better or worse. No one gets married expecting to divorce. However, studies have shown that variables such as age, income, employment status, and education have significant impacts on U.S. marriages.

How Age, Income, and Education Affect Divorce

According to The Institute for Family Studies the ideal age to get married is in your late twenties, but why? When you decide to get married at an older age, your odds of divorce decline because at this stage in your life you usually have a higher education, a more stable job and are more established financially. With a higher level of education, your potential to earn more money is greater. Couples who experience more tension in their marriage from things such as a lack of money and maturity, frequently find themselves turning what were just thoughts of divorce into a reality.

The Divorce Rate Is Dropping Thanks to Millennials

Younger Americans are waiting much longer to get married. The national median marriage age as of 2011 for a woman’s first marriage was 27 years old, and for men was 29 years old; the highest median marriage age in decades for men and the highest ever for women. In 2005 the national median marriage age for a woman’s first marriage was 25 and for men was 27.

Many young folks have decided not to get married at all and choose instead other arrangements. It is much more common now, and many consider it more convenient, to move in with his or her partner without having to worry about the social pressures from society to get married first. With the average divorce happening about 12 years in to the marriage, we will have to wait and see if this recent generation of newlyweds will continue to keep their vows.

Say Hello to the Superfood, Yuca

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Welcome to Yuca

Currently there is a global health movement growing. People are more conscious about their health and are seeking alternatives to traditional eating habits. The realization that there are many different superfoods virtually untouched by the average population has created a desire to experiment with and try new exotic foods. Many of these superfoods have been brought over from South America, Asia, and Africa. Indigenous peoples have thrived off the land and sustained massive civilizations with the use of superfoods. One in particular is gaining momentum in North America.

To the right, is the Yuca (Quechua name spoken in Peru) root. This root has many different names depending on where you are geographically: cassava, manioc, manioca, yucca root, casaba, and tapioca. It is currently an essential root vegetable in the Caribbean diet.

Yuca is a perennial plant that is found in tropical climates. In Africa, Asia, and South America, it has been used as a major food source. Indigenous people use it along with other high-starch foods like yams, taro, plantains, and potatoes. While it is still not well known outside of the tropics, it accounts for about 30% of the world production of roots. Recently popular in the Americas is tapioca. Grinding the yuca root into small powder balls forms tapioca balls- enjoyed in boba teas and various drinks.

To clarify some dispute, YUCA and YUCCA are two very different plants. Yuca, is the root while Yucca is a scrub.

Why the sudden interest?

As the world continues to connect more and more, people are able to enjoy the benefits of fruits and vegetables that were once out of reach. Not long ago, if you were not born in the tropics, yuca would have been virtually intangible. But now, people all over the world can reap the benefits.

The general population also has access to endless amounts of new information. So with that comes new opportunities to incorporate in daily life. Previously you would have walked into a grocery store, unable to decipher what this long brown root was. Now with a quick Google search the information is there for you disposal. Recipes for this root are endless. The endless recipes allow you to experiment and diversify your diet.

The Energy it Provides is Incredible!

In Peru, South America we visited a local family. They were simply the most welcoming, humble, and hardworking family I’d ever encountered. In many cultures around the world it is very common for large families to live together. In one home you may have your mother, father, grandparents, great-grandparents, children and grandchildren. It is very common to take in family members and live as one large family unit. What we saw in this family was that everyone was extraordinarily hard working. Even the great-grandparents would pitch in to help around the house. While the activity they partook in was more limited than those of the younger generations, it was incredible to see the how agile and energized these men and women were.

I remember asking one day how they found the energy to work so hard at their age.

With a smile the older lady said, “comer bien.”

That was it, a simple explanation. “Comer bien” translates to “eat well.” These families eat fresh and powerful superfoods everyday. The yuca root is only a supplement to the other superfoods Peruvians have been enjoying for centuries.

How is it that this simple answer: comer bien, could lead to a long-lasting and healthy life.

I thought back to the United States where much of our older generation are forced to reside in Nursing Homes, or never make it to be a great-grandparent. These older generations thrive in Peru and are well respected. Their persistent activity and nutritious diets help them excel in life.

Processed vs Natural

Now comes the inevitable truth that many populations that suffer with obesity hate to admit. You are what you eat. Now what we see with the people in Peru is that most families eat a diet consisting of fresh grains, fruits, and vegetables acquired at the local open-air markets. These families are fueling their bodies with unprocessed, natural ingredients. A meal is made from scratch and all meals are viewed as family events. Everyone eats meals together and eats equally. There is little overindulgence because the quality of food creates a sensation of satisfaction and wholeness. There is no need for a cookie after dinner because there is no dependency on sugar like we find in the U.S. Since the foods are unprocessed, meals lack added sugars and preservatives. Their bodies run like a well-oiled machine- not like one that is driven by cravings. Imagine how powerful your body would feel if you energized it with whole foods- superfoods! Could you imagine how strong you would feel. Not lacking energy, not craving chips or cream puffs. Incorporating superfoods such as yuca into your diet slowly can show you how strong you can feel. It takes one small step that will lead to endless amounts of healthy decisions.

Don’t be afraid to try yuca. Your body will thank you for it!

Home Repairs and Alternatives: 5 Pros And Cons

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Many homeowners, at a variety of points – of – time, decide to pursue certain repairs and/ alterations. Some are out of necessity, because of damage, and/ or wear – and – tear, while others, are for cosmetic, and/ or taste – related reasons! One should consider a variety of factors, before undergoing costly expenses/ expenditures. These include: how long you will be living in this house; your alternatives; the Return on Investment (R.O.I.), etc. This article will review 5 positives (pros) and/ or negatives (cons), related to home repairs and/ or alterations.

1. Cosmetic changes: This category includes items, which improve the appearance of the property, but usually are minor, in nature! For example, inside or outside painting might be cosmetic. If you are painting, simply to change the look, color, theme, etc, it falls into the category, but if it is necessitated, because of structural damage (for example, from water damage, etc), it’s a far different scenario! If you plan to keep the home, for a substantial period of time, you have far more flexibility, in terms of color, etc, than if you are planning to sell it in the foreseeable, near future!

2. Kitchen: Does your kitchen need remodeling and/ or renovation, for structural reasons, or to improve its look and appearance? How much you spend on remodeling your kitchen, must be put into perspective! A well – considered amount of spending, usually makes sense and has a reasonable Return on Investment (R.O.I.), but exorbitant spending is another thing. A homeowner can spend whatever he decides, but should have a somewhat, realistic perspective of its value, especially to prospective buyers.

3. Bathrooms: What is the reason, you wish to renovate/ upgrade your bathrooms? Compare the options and alternatives, including determining, if a system, such as Bath Fitters, makes sense, as opposed to a complete demolition and rebuilding! Again, upgrading bathrooms, might. either, make financial sense, or not!

4. HVAC: What is the condition of your heating, ventilating and air conditioning, system (HVAC)? What is the useful life of your heating system, and should you change it (for example, converting from oil to gas)? Consider any decisions related to conversions, carefully and thoroughly. If you wish to put a central air conditioning system, into the house, should you go, the convention route, or the ductless one? Consider costs, economies, space – sacrifices, and the positives, versus the negatives! Before acting, always get several bids, and compare apples – to – apples!

5. Grounds maintenance: How much money, should you commit to grounds maintenance, landscaping, trees, bushes, plants, flowers, etc? Those thinking of selling, in the near future, should focus on curb appeal, etc!

Homeowners have options, in terms of the best way to proceed, for home repairs and alternatives. Know what you need, and want, and thoroughly consider!

Mustang Car Covers Picking the Exact Cover for Your Mustang This Winter – Learn How to Shop for One

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A Mustang is a real beauty of a car. If you are lucky enough to own one, you obviously have a Mustang car cover to go with it. I say obviously, because to me it would seem plain silly not to, and I’ll tell you why.

It is a well established fact that cars and outdoors just do not go. When a car is kept outdoors there are numerous dangers lurking around, waiting to happen. And they do. Nature is your car’s biggest enemy, as it has the most weapons. The sun has powerful UV rays that bleach the car’s exterior an fades the paintwork. Aside from that, an overheated car can ruin its internal workings. Rain is no better. The rain contains high acidic levels that corrode the finish of the car and leave it to begin to rust. Wind too is dangerous; blown around together with it, comes dirt and rubble that end up scratching and denting the car. Then there are local nuisances such as dust, tree sap, and birds muck. They seem to gravitate toward the car, no matter what, and leave the car stained and terribly ugly.

Once you have a car cover, your Mustang will not be left to this peril. The cover will protect the car from all sorts of damage from occurring to it. Even if you keep your Mustang indoors, in the garage, unfortunately, it still doesn’t mean that it’s safe. Whilst stored indoors, the car can still be covered with a thick layer of dust. All it takes is for someone to simply walk past your car in the garage, and accidentally scratch it with his keys hanging off his belt. As you take the garbage out, you may unknowingly bump it on the car leaving your lovely Mustang now dented. These are all day to day examples of how seemingly small things, cause lots of unwanted damage.

Now if you had a car cover, these thing will still happen, but they won’t be able to affect you in the same way. When it rains you don’t need to check your windows every two minutes, hoping to see the sky cleared. When the sun shines, you can lie outside on a deckchair without having to worry. And when the wind starts howling you can you indoors with a big mug of coffee, and forget about the car. There’s nothing to worry about; you’re completely covered.

This is a far more economical way of preserving your Mustang for eternity. Taking the car for constant car washes and re-waxing, all add up to a large bill at the end of the day. And with it all, your car won’t be in it’s wonderful condition as when you first bought it. Extensive body work takes its toll on the cars. Far better, and healthier to keep it in it’s pristine original state with Mustang car covers.

A Ravishing Wedding Celebration in the City of Royals

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Rajasthan, the largest state of India, is prominently popular for the conventional spell of royalty and beauty it casts over its counters. The state holds an ancestral dominion over its identity as the city of Royals. So, if you are planning to celebrate the most auspicious occasion of your life, and want to feel no less than an illustrious price or princess then, of Rajasthan is the land which deserves to host your wedding.

Royal destinations, enchanting themes, up scaled services, appetizing food, and everything you can ask for to make your wedding day memorable, you can find it here. Not sure? Have a look.

Destinations

Rajasthan is the land of forts. Perhaps, almost every city in this state endows a mystic royal fort. The land which carries the enormousness of Mehrangarh fort on its chest and the artistry of the lake palace in its heart can never disappoint you if you are looking for the perfect wedding destination.

In the modern cities of Rajasthan, you can find some magnificent hotels and exquisite resorts which can be appropriate sites for elaborate destination weddings. The idea of a destination wedding has become eminent in various parts of the state. In cities like Jaipur, Udaipur, Jodhpur, Alwar, Bikaner, etc. conducting a ravishing wedding isn’t a very tedious and costly task if you have a reliable and creative team of wedding planners on your side.

Wedding Themes and Decorations

A wedding theme adds an alluring oomph to the entire idea of decorations to set up D-Day and all the charming functions of the wedding. The spellbinding culture and traditions emerged from Rajasthan’s heritage hold some splendid cues for extravagant wedding themes.

Presently, in Rajasthan, the most trending themes for wedding and wedding functions include the Rajwada wedding and the Swayamwar theme. These themes are sure to port you to the world of fairy tales with the venue decorated as a king’s palace and the bride and groom dressed just like the royalties of a much-renowned dynasty. Also, the decorations inspired from Radha-Krishna’s divinity with a contemporary touch to the theme can also embellish your wedding day with glitters and stars. You can be as creative as you desire to be with the choice of the theme. After all, it is your big day!

Cuisine and Entertainment

Amongst everything royal and luxurious, how can we forget to mention the appetizing and elaborate cuisine of Rajasthan? You can rely upon the rajwada menu if you wish to gratify and treat your guests to an elegant dining. From popular dishes from the kitchen of Rajasthan’s royalties to every possible flavor from around the world can be served at your wedding. Apart from the deity of royal ‘rajwada’ cuisine, you can imbibe the essence of Rajasthan’s folk music and traditional Rajasthani performances to add a special entertainment quotient to your wedding celebration.

Services

As much as Rajasthan is known for its luxury, it is renowned for its servicing. Whether it be the case of catering, decorations, hospitality, or wedding planning; you can seek the best service providers in Rajasthan.

Imperative Benefits Of A Professional Mandap Hire

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From perfect lights to venue draping, it is essential to make sure everything is up to the mark when planning for a wedding.

A wedding becomes successful when the arrangements are as per the desire. It becomes difficult to pay heed to each and every activity when the time is less and money is limited. Mandap is very auspicious as the bride along with groom takes a pledge there to take care of each other in every uncertainty and to hold each other till eternity. Thus, its decoration and value should not be compromised at any cost.

Do you have enough time to focus on specifications of mandap? Do you have any idea of putting up a great venue draping? If not, worry not. You can have the professionals of a mandap hire and can achieve the few benefits as mentioned below.

More ideas

By hiring professionals of mandap, an individual can assure new and innovative ideas that can give an awestruck moment to guests. They will ask the needs and expectations in advance; will execute the same with proper care and attention.

Budget

Don’t worry, these professionals will ask the bar or range of budget in advance. Their service is alterable as per the needs. They won’t create a contract without understanding the specifications and desires of customers.

Time efficient

The professionals not only provide quality but can also provide their services as per the said timings. Book for them and they will appear at your venue prior to the wedding. When wedding season approaches it is important to ensure everything is done on time.

Desired themes and decorations

Their team is very efficient in working on themes or designs requested by the bride and groom. From orchids to lilies they will arrange every decorative option. Having dealt with various clients they know the best and trending likable options.

Professional touch is guaranteed

Having expertise in the wedding industry, they know the value of putting up a great wedding and do not compromises quality at any cost. With them, one can assure an outlandish quality and service without any hassle.

A marriage is not only an event but is a point of time where lots of sentimental values are attached. It is important to make the day special and memorable for anyone. With the qualified experts of a mandap hire enjoy the above benefits and prepare for a wedding you ever wished for.

Hold the Mayo

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The first time it dawned on me there were two distinct camps regarding mayonnaise was one afternoon at a restaurant. I was having lunch with a good friend, and she was interrogating the waitress about the chicken salad plate, asking her, “This doesn’t have any of that horrible Miracle Whip, does it?” The waitress assured her it was pure mayo that held those little morsels together. My friend seemed relieved and ordered it, but I ordered something else. I am in the Miracle Whip camp, and I make no apologies.

I admit I come by it honestly. I grew up in a Miracle Whip household, and I inherited my mother’s dislike for mayonnaise. early. To this day, I buy only MW and so does my sister. But mayo holds top honors in the condiment world, at least in the U.S., tied only with ketchup in popularity, and a must-have on millions of sandwiches daily, as well as in salads and sauces. Some fanatics even put it on french fries.

As a child, I frequently asked my mother why some sandwiches or salads tasted “gross” until I understood that MW had a distinctly different flavor than traditional mayo, which, in my opinion, has no flavor at all. (Please, no hate mail). When it finally clicked in my young mind, and I understood the difference, it was MW all the way from then on.

But let’s travel back in time to learn about mayo, and the French passion that started it all. The creation of mayonnaise is credited to the chef of Duke de Richelieu in 1756. While the Duke was defeating the British at Port Mahon in Menorca, Spain, his chef was whipping up a special victory feast that included a unique sauce made with eggs and cream, staples of French cuisine. Some food historians insist that the Spanish pioneered the rich spread, but it seems more likely that the French did the honors. Word of mouth (and taste buds) traveled across the pond, and Americans quickly embraced the creamy madness. Many residents of French heritage, not to mention chefs searching for new frontiers, introduced it in New York City, and we know that by 1838, the popular restaurant Delmonico’s in Manhattan offered mayonnaise in a variety of dishes. Gourmets were hooked.

Soon chefs were dreaming up different ways to use the wildly popular spread, especially in salads. In 1896, the famous Waldorf salad, made its debut to rave reviews at a charity ball at the Waldorf Hotel, chock full of apple pieces, celery, walnuts and grapes, all held together by that creamy mayo, and diners couldn’t get enough.

As refrigeration blossomed at the turn of the century, hundreds of food manufacturers raced to get their version of mayo in the shops. One such manufacturer was Hellmann’s, a New York City brand which designed wide mouth jars that could accommodate large spoons and scoops, and they soon began to dominate the sector. Mayonnaise, which had heretofore been considered a luxury, was fast becoming a household staple and taking its place at the dinner tables in millions of homes. Many professional chefs and homemakers made their own versions, but jars of the popular condiment were featured prominently on grocery store shelves.

Enter Miracle Whip, created in 1933 by the Chicago-based Kraft Foods Company. It made its debut during the Depression as a cheaper alternative to mayo, and while it does contain the key ingredients of mayonnaise (egg, soybean oil, vinegar, water), it deviates from the standard of mayo with a sweet, spicy flavor that many folks preferred and still do, but is required to label itself as “salad dressing” rather than mayo.

So whether you are a straight mayonnaise user, a renegade Miracle Whip aficionado, or you are frequently heard to state “hold the mayo”, there’s no getting around this wildly popular condiment, and we can thank the French gourmands once again for this creation.

The Benefits Of Getting A Personal Loan

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A personal loan is usually not secured. It means collateral does not need to be provided by you when you borrow. The loan is offered to you by the lender on the basis of your credit and qualifiers. You can easily get the approval of loan, if you have a good credit. A lower interest rate can also be offered to you. Visit a financial institution or search online to get a personal loan.

Here is a list of some of the benefits of such a loan:

  • Lower interest rate – If you have good credit, then personal loans with lower interest rates can be availed by you. Around 15% APR on a credit card balance is paid by the people with lower credit card balance. But if you have good credit, you have to pay only 6% APR. While making a big purchase, it is considered as a big difference.
  • Use for many purchases – Your cash can be used by you for making any purchase. A loan of this type can be used even for purchasing a vehicle, starting a business or renovating your house. Restrictions may be placed by other types of loans on the usage of fund. But the conditions of using a personal loan are flexible and can be used for any purchase.
  • Consolidate debt – High interest debt can be consolidated by using a personal loan. Several smaller debts with high interest such as credit cards and student loans can be paid off by using a larger loan. Money on interest can be saved if you consolidate your debt by using this loan. Your debt repayment plan can be managed in a better way by combing several loans in one place.
  • Smooth your cash flow – Your cash flow can be smoothness by using a personal loan. A personal line of credit can be got by you, by using your personal loans. You have to pay a low interest rate in this alternate way of use. An emergency fund doesn’t need to be raised for future. The borrowed amount can be repaid by accessing your line of credit.
  • Boost your credit score – Your credit score is counted depending on your different types of accounts. One type of credit is represented by credit cards. In this case, you can use your credit score to handle your loans. Your score can be boosted slightly by adding installment loans in your credit report.

Thus, save a huge amount on all your purchases by using a personal loan. Always remember to compare different loans before borrowing any sum.