The properties of the metal-solution potentials of nickel in nickel free hydroxide and phosphate solutions are compared with the properties of unpolarizable electrodes and with the properties of polarizable metal-solution systems. The electrochemical equilibria of unpolarizable systems are analyzed in terms of transfer mechanisms between the phases present. In the absence of any electrochemical equilibria, the metal-solution potentials are interpreted as adsorption potentials. Chemisorption in the inner Helmholtz layer is discussed in connection with ``reversibility'' and polarizability of the system.