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An affidavit of execution consists of three main components: the preamble, the body, and the signature section. The preamble is at the top, followed by a single-spaced body with numbered paragraphs and double spacing between them. The signature section is critical, where the deponent signs and a commissioner for oaths commissions the signature, often referred to as the jurat. The video tutorial provides guidance on formatting the jurat using table features. This type of affidavit is commonly used in various applications to verify that a person has signed a document and that their signature has been officially commissioned.