Text ID &1 for text object &2 does not exist

What causes this issue?

You want to edit a text. However, the text ID (text type) of the
specified text object does not exist.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

You can display a list of valid text IDs (text types) using
<LS>F4=Possible entries</>. You can select the required text ID from
this list with <LS>F2</> or a double click.
The valid text objects are listed in table TTXOB. The valid text IDs
(text types) for an object are specified in table TTXID.

Error message extract from SAP system. Copyright SAP SE.