Terry contracts with Farrah to build her a shed for 6000, payable in July when he expects to complete the shed. Terry has assigned his right to payment to First Amalgamated Bank in order to obtain building materials. On July 1, First Amalgamated tries to collect the money from Farrah, but she refuses because Terry has not completed the shed. What is the result?

1- Farrah must pay Terry on July 1

2 -Farrah must pay First Amalgamated on July 1

3- Terry must pay First Amalgamated on July1.

4- Farrah. does not need to pay First Amalgamated until the shed is complete