This record in table hz_parties cannot be locked as it has been updated by another user.

Error Message while trying to update Contact, use below Fix
 

Error
This record in table hz_parties cannot be locked as it has been updated by another user.

create table HZ_PARTIES_bkup as (
SELECT *
FROM HZ_PARTIES
WHERE PARTY_ID = 80114 ) ;

Update HZ_PARTIES
SET OBJECT_VERSION_NUMBER = 2
WHERE PARTY_ID = 80114 ;

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