Can't create new notebook in Microsoft OneNote for Mac

When I try to create a new notebook in OneNote for Mac, I receive the following error:

Cannot Create This Notebook

The location may not be available at this time, or you might not have permission to save files on it. Also try using fewer characters in your notebook name.

Solution 1:

Simple solution just found it:

• Go to onenote.com and log in.
• Make a new notebook from the webpage.
• Then wait a minute or two.
• Then quit OneNote.
• Then re-open it and try it again. Should work.

Seems to be a problem with university-sponsored 365 accounts.

Solution 2:

Well, I experienced the same issue, It wouldn't login to my Microsoft account from the desktop application no matter how many times I tried. So, I tried to open it from the web application from onenote, created a new note and clicked on the option called 'Open in Desktop App' then it automatically logged in on my desktop application.