וְזֹאת֩ לְפָנִ֨ים בְּיִשְׂרָאֵ֜ל עַל־הַגְּאוּלָּ֤ה וְעַל־הַתְּמוּרָה֙ לְקַיֵּ֣ם כָּל־דָּבָ֔ר שָׁלַ֥ף אִ֛ישׁ נַעֲל֖וֹ וְנָתַ֣ן לְרֵעֵ֑הוּ וְזֹ֥את הַתְּעוּדָ֖ה בְּיִשְׂרָאֵֽל׃
Ito ang kaugalian noong unang panahon sa Israel tungkol sa pagtubos at sa pagpapalitan, upang pagtibayin ang anumang kasunduan: hinuhubad ng isang lalaki ang kanyang sandalyas at ibinibigay ito sa kanyang kapwa. Ito ang paraan ng pagpapatunay sa Israel.
Tze'enah Ure'enah
“This was formerly done in Israel” [4:7]. It was the custom in previous times in Israel in cases of redemption and exchange to validate the transaction, one man would take off the glove of his right hand and give his hand to his friend and this is the sign in Israel to confirm the sale from one to the other. Our sages say that the verse means that in previous times the custom was that if someone sold something to someone else and wanted the sale to be permanent, one of them pulled off his glove and gave his hand to his friend and with this the sale was validated. In the present day, the witnesses take their coat and put it on it to affirm the sale.72Targum, Ruth, 4:7.
Ibn Ezra
"In former times, in ancient days that have passed, as 'the faces' are the first.
Rashi
A man would take off his shoe. This is an act of acquisition, just as we acquire title with a scarf in lieu of a shoe. And our Rabbis of blessed memory differed on this matter,7Maseches Bava Metzia 47a. as to who gave [the shoe] to whom. Some say that one acquires title with the utensil of the acquirer, and Bo’az gave [his shoe] to the redeemer, and some say that one acquires title with the utensil of the seller, and the redeemer gave [his shoe] to Bo’az.
Rashi
This was the form of validation in Yisroel. תְּעוּדָה =] the law of testimony.