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An affidavit of execution consists of three main components: the preamble, the body, and the jurat. The preamble contains introductory details, while the body is typically single-spaced, with numbered paragraphs separated by double spacing. The jurat is the most critical part, where the deponent signs and a commissioner for oaths certifies the signature. To format the jurat effectively, the table feature is recommended, as shown in the tutorial video. This type of affidavit is commonly used across various applications, particularly when a signature needs to be officially commissioned, typically for signing documents.