Antonio is a merchant of Venice and friend of young Bassanio. Bassanio confides in him that he loves fair Portia but cannot hope to win her without a loan. Antonio offers to help him borrow money. Bassanio finds the Jewish moneylender, Shylock, who jokingly says that he will lend the money with the understanding that if Antonio forfeits on the loan, he will give a pound of flesh.
The scene shifts to Belmont where Portia and her waiting-maid, Nerissa, patiently endures a train of suitors. Portia’s father, before he died, arranged that her hand would be won by the young man who correctly chose one of three caskets. The Prince of Morocco and the Prince of Arragon are two of the suitors.
Meanwhile Antonio’s friend, Lorenzo, has fallen in love with Shylock’s daughter Jessica. She decides to run away with him. When Shylock learns of Jessica’s deception, he is bitterly angry. Soon after he learns that Antonio’s ships have been lost. The bond is forfeit and Shylock demands his pound of flesh.
In Belmont Bassanio must face the trial of the three caskets. Will he win fair Portia? Will Antonio die for the sake of his friend? And who is the young lawyer who comes to the Court of Venice to defend Antonio?