 Ariosto, who brings the news, tries to counsel patience and fortitude to Romelio, but the arrogant merchant has no time for him.A false report reaches Romelio and Leonora that both Ercole and Contarino are dead; Leonora is devastated by the news of Contarino's loss.Contarino's last will and testament, delivered to Romelio, names Jolenta as his heir.