Why can't some mathematical statement (or whatever is the correct term) be both true and false?
For example we can prove (e.g. by induction) that $1+2+3+\cdots+n=\frac{n(n+1)}{2}$ for all positive integers $n$. But how can we be sure that no one will ever find a counter example? What if someone claims that $1+2+3+\cdots+1000$ equals (e.g.) 500567 and not 500500, which is what the above formula claims.
Another example: Why is it impossible for someone to come up with three integer $a$, $b$ and $c$, for which $a^3+b^3=c^3$ (contradicting Fermat's Last Theorem)? This bothers me even in the simple intuitive level.
Then I have heard about Gödel's incompleteness theorems, second of which says (at least this is how I have interpreted it) that an axiomatic system cannot prove its own consistency. So doesn't Gödel's second incompleteness theorem say basically that "anything is possible"? ...that there can be an integer $n$ for which $1+2+3+\cdots+n \neq \frac{n(n+1)}{2}$ or that there can be integers $a$, $b$ and $c$ for which $a^3+b^3=c^3$?
I have two answers for you.
One has already been said so I will only say it briefly: if we exhaustively prove something to be true, there can be no counter example - ie, in the case of an induction argument like you provided.
Second, I will answer you with Godel as well. He is mainly known for his Incompleteness Theorems (because they are far more interesting), but his first famous work was for proving his Completeness Theorem. This tell us many things, among which is that consistent and sound system will not have the counter examples you suggest may exist (to quote Wikipedia, a more general formulation would be "It says that for any first-order theory T with a well-orderable language, and any sentence S in the language of the theory, there is a formal proof of S in T if and only if S is satisfied by every model of T (S is a semantic consequence of T).").
Further, you misunderstand his Incompleteness theorems. It does not say no theory is consistent, it simply says no consistent theory can prove its own consistency. Indeed, Godel proved the consistency of Peano Arithmetic using Type Theory which could not prove it's own consistency.
However, (depending on your level) all of the theorems you encounter can be assured to be true if proven because ZFC (the most common foundation of mathematics) had it's consistency proven by only assuming the existence of a Weakly Inaccessible Cardinal. I think this is widely accepted, so if you can accept the existence of that, you are safe.
EDIT: It has been made known to me in the comments that making the existance of a Weakly Inaccessible Cardinal an axiom creates a far stronger theory than needed to prove the consistency of ZFC. In any case, the point remains that any system of mathematics you're working with has likely been proven consistent by assuming something only slightly stronger - for whatever that is worth.
It also occurs to me that first order logic includes the Law of Noncontradiction (also known as the Law of Excluded Middle) as an axiom, where this is also know to be consistent by Godel's Completeness theorem. So, with this your more general question of "Why not both true and false?" is answered because we take it as axiomatic and show that including such an axiom is consistent.