The “must have one of the following values” business rule validation action is not working with attributes that have a data type of text. The documentatin for this validation action states that "This action is valid for text values.". However, when used with a text attribute, the message "The attribute's data type is not compatible with the rule type" is returned.This is being experienced on a 2012 SP1 MDS application running on a SQL Server 2008 R2 database.
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