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An affidavit of execution consists of three key components: the preamble, the body, and the jurat. The preamble is the top section, followed by the body, which is typically single-spaced with double spacing between numbered paragraphs. The most crucial part is the jurat, where the deponent signs and is commissioned by a commissioner for oaths. A convenient way to format the jurat is by using a table feature, as shown in a related video. This type of affidavit is commonly used in various applications where a signature requires commissioning, making it essential for verifying the signing of a document.