Question:

Why a Vault object field formula expression validates but not set values?

Answer:

If a conditional formula sets a field to " " (with a space between the quotation marks) through any path, the formula validates but does not run.

Fields to be left blank by a formula should be entered in the formula as "" (with no space between the quotation marks).

Related Documentation:

Vault Object Fields Documentation: Configuring Formula Fields on Objects 

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