Correct Answer - Option 2 : No one can fool everyone all the time
F(x,y,t) = Person 'x' can fool person 'y' at time 't'.
For better understanding propagate negation sign outward by applying Demorgan's law.
\(\forall_x \exists_y(\neg F(x,y,t))= \neg \exists_x \forall_y \forall_t(F(x,y,t))\)
Now converting \(\neg \exists_x\forall_y\forall_t(F(x,y,t))\)to English is simple.
\(\neg \exists_x\forall_y\forall_t(F(x,y,t)) =\)There does not exist a person who can fool everyone all the time.
Which means "No one can fool everyone all the time".
Hence the correct answer is No one can fool everyone all the time.