Sir Bounteous bids farewell to a pair of visiting noblemen who thank him for his generous hospitality. Follywit enters, disguised as 'Lord Owemuch' and accompanied by his cohorts, who are disguised as servants. Sir Bounteous greets 'Owemuch' warmly. After a bit of small talk, he asks him if he would give his nephew (Follywit) a job, noting that he has left his entire estate to Follywit in his will (a 'secret' that he mistakenly believes Follywit is unaware of). 'Owemuch' says that he has heard many good things about Follywit and agrees to take him under his wing.