Three thousand ducats for three months, and Antonio bound
Well, thou shalt see, thy eyes shall be thy judge, The difference of old Shylock and Bassanio
But thou, thou meagre lead, Which rather threaten’st than dost promise aught, Thy paleness moves me more than eloquence, And here choose I. Joy be the consequence
Bassanio tells Antonio that he has a substantial amount of debts and has no money to pay them. Shylock lets everyone know that he hates Antonio for many reasons. He explains that he despises that Antonio is a Jew and that he just gives his money away without intrest
I have possessed your grace of what I purpose, And by our holy Sabbath have I sworn To have the due and forfeit of my bond
Morocco comes to Portia and tells her he wants to take the casket test which if he fails he will not be able to marry a woman ever again. Lancelot tells his father that he is wasting away serving Shylock and that he will turn into a Jew himself if he stays there much longer.
Portia, forgive me this enforcèd wrong, And in the hearing of these many friends I swear to thee, even by thine own fair eyes Wherein I see myself
Information is going around that Antonio keeps losing his ships and is finally going to have none. Portia tells Bassanio that she wants him to wait a month or two before choosing from the caskets so that she may be guaranteed his company for a while longer
Antonio is brought before the Duke for failing to pay off his debt to Shylock. The Duke is upset about the penalty, a pound of Antonio's flesh, but cannot find any lawful way of freeing Antonio from his bond. After he realizes he can't shed a veteran's blood he withdraws his case.
Portia and Nerrisa arrive home to see their men and confront them with the ring evidence. Nerissa demands that Graziano show her the ring he gave away to Portia's clerk in Venice. Portia finally clears up the confusion by informing Bassanio that she and Nerissa were the doctor and the clerk.