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The affidavit of execution consists of three main components: the preamble, the body, and the jurat. The preamble is the introductory section, while the body is typically single-spaced with double spacing between numbered paragraphs. The most crucial part is the jurat, where the deponent signs, and their signature is commissioned by a commissioner for oaths. To format the jurat effectively, a table feature can be utilized, as explained in the accompanying video tutorial. This affidavit is commonly used for various applications, primarily when a document requires a signature that must be commissioned.