IMO, quality in a knife means solid, consistent construction...no unwanted looseness or slop, such as vertical or horizontal blade play, wobbly pivot, blade is centered in the handles when closed. Edge should be consistently sharp its whole length. I know many people say the edge is the easiest thing to fix, but out of box, it should be shaving sharp. Otherwise, it's like buying a car without air in the tires; you can always fill the tires, but you want/need to drive it now. Plus, proper edge geometry make it easier to resharpen later.
A folder should be able to stand up to repeated openings and closings for a long time with no appreciable sign of wear, so long as the knife isn't abused too badly. Heat treat should be such that the blade won't chip doing regular, unabusive cutting chores, and neither should it roll over from being too soft.
A lock that with proper care will not easily wear out (related to last paragraph, repetitive but important).
Blade should take/hold a good edge, but be easily touched up.
Action should be smooth. Opening hole or stud should be easily accessible and not require contortions of the hands to access.
Jim
A folder should be able to stand up to repeated openings and closings for a long time with no appreciable sign of wear, so long as the knife isn't abused too badly. Heat treat should be such that the blade won't chip doing regular, unabusive cutting chores, and neither should it roll over from being too soft.
A lock that with proper care will not easily wear out (related to last paragraph, repetitive but important).
Blade should take/hold a good edge, but be easily touched up.
Action should be smooth. Opening hole or stud should be easily accessible and not require contortions of the hands to access.
Jim