It makes sense...
The user doesn't have access to view the permissions but does have access to write new permissions (possibly via taking ownership of the file).
So they cannot see what the current ones are but they can replace them with new ones.
If the user clicks a button in the Properties dialog then the shell should automatically write new permissions which give them access to see and do whatever they want with the file.
I guess this error message is only confusing to people with no concept of "write-only".


