DBCA Fails With INS-00001 and DBT-00007

Problem:

While trying to run dbca from Oracle user I received the following error:

Cause - No additional information available.  
Action - Refer to the logs or contact Oracle Support Services  

Summary  
- [DBT-00007] User does not have the appropiate write privileges.  
- [DBT-00007] User does not have the appropiate write privileges.

Screenshot:

Solution:

Make sure the directory has the correct owner and permissions, otherwise set:

# chown oracle:oinstall $ORACLE_BASE/cfgtoollogs/dbca
# chmod 750 $ORACLE_BASE/cfgtoollogs/dbca

Rerun dbca.