SharePoint:Exception from HRESULT: 0x80040E14

Issue:

I got this error when i am updating the item in the list and when i create a new item in the list
Error:Exception from HRESULT: 0x80040E14,0x80004004

Resolution:

I have done some investigation and found that the above error message might occur because of SQL transaction logs were full and needed to be truncated. It seems that the SQL Server is running out of the log space.
so clear the log file you will be out of this error!!!!!!! so simple right.