§ 1499 Debtor'S Right To Receipt

• •You have the right to ask for a written receipt when you give property to fulfill a debt.
• •The receipt must be in writing and signed or otherwise documented.
• •It serves as proof that you have delivered the property and that the obligation is satisfied.

You pay back a loan by handing over a used laptop to your friend who lent you money.

You can tell your friend, 'I need a written receipt because I’m giving you the laptop to clear the debt.' The receipt proves you gave the laptop and that the debt is considered paid.