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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, followed by the body, which is typically single-spaced with double spacing between numbered paragraphs. The most important part is the jurat, where the deponent signs and is commissioned by a commissioner for oaths. To format the jurat effectively, one can use the table feature as demonstrated in an accompanying video. This affidavit is commonly used whenever a document requires a signature that needs to be commissioned, making it applicable in various situations, including when an individual needs to sign a document.