Error: "The following components are required by this application, but are not installed. Microsoft.net Framework ... (28479)

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Title

Error: "The following components are required by this application, but are not installed. Microsoft.net Framework ...
Description

While trying to install Toad for SQL Server, the following error comes up:
Error:
"The following components are required by this application, but are not installed. Microsoft.net Framework version 2 and SQL distributed management objects or sql-dmo"
Resolution

To resolve this issue, perform the following:

- Click OK button in the message to open the download.
- Download and install missing components.
- Restart the download of TOAD.

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