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An affidavit of execution consists of three basic components: the preamble (top part), the body (typically single-spaced with double spacing between numbered paragraphs), and the signature section (most important part). In the signature section, the deponent signs, and their signature is commissioned by a commissioner for oaths, referred to as the jurat. To format the jurat, using the table feature is recommended, and guidance on this is available in the video. This type of affidavit is widely used for various applications, primarily when a document signature needs commissioning, making it one of the most common types of affidavits.