Guarantee refers to the form of security agreed by the third party and the creditor that when the debtor fails to perform or is unable to perform the debt, the third party shall perform the debt or bear liability in accordance with the agreement or the law.
Which of the following are guaranteed?
An enterprise borrowed 1 million yuan from the bank and guaranteed that if it was unable to repay after the expiration date, it could sell its own machinery and equipment to make the repayment