Access rights cannot be set on this object: {0}. More information: {1}.
Explanation
To change access rights, you must have admin access. If your access rights are inherited, you must have read access to the object.
User response
Verify that you have admin access to change access rights. Click Tools > Manage Users, and check your access rights. If your access rights are inherited, verify that you have read access to the object. To verify whether access rights are inherited, select and right-click the object, click Properties, and view the Access tab.