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An affidavit of execution consists of three main components: the preamble, the body, and the jurat. The preamble is at the top, followed by the body, which is typically single-spaced with double spacing between numbered paragraphs. The jurat is the most crucial part, where the deponent signs and is commissioned by a commissioner for oaths. A practical way to format the jurat is by using a table feature, which is explained in a linked video tutorial. This type of affidavit is commonly used in various applications whenever a signature must be commissioned, making it essential in legal documentation.