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Best answers are sometimes incorrectly chosen
Because best answers are chosen by one person they sometimes get chosen incorrectly. This can give people misleading information in some cases.
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There are lots of Trolls and bullies
It’s not unusual on Yahoo answers to find a troll or a bully making fun of someone or making a Racist remark.
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Answers are not comprehensive
The fact that a question can be closed after sometime makes the answers of some questions not comprehensive.
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Partial anonymity reduces the quality of answers
The partial anonymity of users , who register by any name and email, can sometimes prevent people from writing good answers as they don’t care about their reputation much.
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The interface is cluttered
The Yahoo answers interface is cluttered and can sometimes be distracting. (See Why Google Answers failed?)
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Poor Quality questions
In many occasions questions that are considered of a lower quality can be found on Yahoo answers.
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Wrong answers get upvotes
It’s not uncommon to see a sarcastic comment getting so many up-votes in one question. Because the Community has a lot of bullies this problem shows often.
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Quora attracted many intellectuals
Some people believe that Quora attracted many of the intellectuals leaving less educated people on Yahoo answers. (See Why is Quora better than Yahoo Answers?)
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No revisions
Because wrong answers don’t get revised they usually remain on Yahoo answers unlike Wikipedia where pages are usually checked more than once.
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Shallow questions attract shallow answers
According to an argument by some Quora users: The shallow questions on Yahoo answers attract people who later on post shallow answers to Yahoo answers.
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Has no real community
Unlike Quora and Wikipedia Yahoo answers have no real community. Instead the site has many registered users who don’t have some of the properties of a real community.