What is a condition that does NOT apply to blanket contracts?

Blanket contracts are agreements that allow for the purchasing of goods or services on an as-needed basis over a specific period, generally accommodating bulk ordering and multiple site requirements. These contracts often outline a maximum volume, allowing for flexibility in purchasing while also controlling costs and ensuring that suppliers can meet demand.

The characteristic that they can be canceled at any time does not typically apply to blanket contracts, as these contracts are structured to provide stability and predictability for both the buyer and supplier. While it is possible to terminate a blanket contract under certain circumstances, it is not a standard feature of these agreements; they are designed to maintain an ongoing relationship over the specified duration. Therefore, the statement regarding the ability to cancel at any time is not a defining condition of blanket contracts, making this the correct choice.

The other options accurately reflect typical features of blanket contracts, such as their use for bulk orders, the necessity for flexibility to accommodate requirements from multiple locations, and the representation of a fixed total volume for a specified period.