An aging King invites disaster, when he abdicates to his corrupt, toadying daughters, and rejects his loving and honest one.

King Richard is called upon to settle a dispute between his cousin Henry Bolingbroke and Thomas Mowbray. Richard calls for a duel but then halts it just before swords clash. Both men are banished from the realm. Richard visits John of Gaunt, Bolingbroke's father, who, in the throes of death, reprimands the king. After seizing Gaunt's money and land, Richard leaves for wars against the rebels in Ireland.