While creating VIEW, msql_register_view method is invoked for creating .frm and process .frm's history backup. This method returns errors like, ER_OUT_OF_RESOURCES, ER_TABLE_EXISTS_ERROR, ER_NO_SUCH_TABLE, etc.
Even if an error is returned by this method, query is written in the bin log. So consider an example,
CREATE VIEW v1 as SELECT * FROM t1;
-> Throws ER_OUT_OF_RESOURCES ERROR
-> The query is still written into bin log.
As the query with the error is written into bin log of master server, it is read by all slaves and causes a conflict if same error is not generated at a slave server. This results in replication abort.