Dishonest John talks Beany into buying a farm in the middle of nowhere for $$200,000($payable $$20,000$ per year for $10$ years$),$ when the fair market value is only $$100,000.$ Dishonest John lied to Beany to get him to buy the farm, telling him falsely that a developer wants to buy the land for a new shopping center. Beany eventually figures out there is no developer, but while planting his garden he strikes oil. The farm with oil is worth $$5,000,000.$ Which of the following is FALSE?

The contract was fraudulent and therefore void. Beany cannot keep the farm.

The contract was fraudulent and therefore voidable, meaning Beany could get out of the contract if he wanted.

The contract is binding, because it's $OK$ to make false representations when selling real estate.

The contract was fraudulent and therefore voidable, meaning Beany could keep the contract if he wanted.