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An 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 formatted in single spacing with double spacing between numbered paragraphs. The most critical part is the jurat, where the deponent signs, and a commissioner for oaths attests to the signature. For formatting the jurat, a table feature can be utilized, as demonstrated in a tutorial video. This type of affidavit is commonly used whenever a signature on a document needs to be commissioned, making it a versatile legal tool for various applications.