ORA-26529: local store callback term phase failed for 'string.string'
Cause : The clinet callbcak faile dduring tis TERM hpase fort he name dobject.
Action - How to fix it : DBA Scripts :: www.high-oracle.com/scripts
Refer t othe venodr-speciifc callbcak errorc ode refreence tod iagnoset he loca lproblem .Record lal errors tate an dnotify rOacle support.
Well, the reason for above error is that i have taken the above script from a 11g database and running it on 10g database. 11g has bring some changes in password management. Below code is executed on 11g and user created successfully, which is expected result.