Hobbs is right. I own a Charles Daly. In the begining it looked cool and was the right price at 350ish. Can't remember exact price. If I had reseached prices and warranties, I would now go with something different. Some people talk of inferior metals, specs, and tolerances, but I was lucky and have not had any problems in that area.
My problems came into play that the handgun was an older model, that did not have the lifetime warranty. When the hammer and sear wore down, it fired F/A all 8 rounds in the mag, and the hammer bit my wife's hands webing. At that point I was wondering if this cheap gun was worth it.
I then started learning the workings of the 1911, and decided to take it to a gunsmith. He hinted at the point it was a lesser pistol and told me to come back in a week. He didn't fix it and gave me the new hammer, sear, and disconnector for free. Make a longer story short, I now know that there are better 1911 clones, but if you can pick it up for $200 or less it will be an ok plinker.
I now have a correct working Charles Daly 1911 with all new quality inner workings. It runs like a champ and I no longer have any problems with it. I will stake my life on this pistol now, because I know what is in it. I will never be able to sell this pistol and get the money out of it that I have put into it.
ETA:
Thanks again Hobbs for all of your help!