How did he enter the country without getting a TIP? You don't get a TIP when you leave the bike behind; you get it when you enter from another country. I'm betting that you and your friend have had some basic miscommunication about this, unless he purchased the bike in Argentina (in which case you have a different set of problems).
Next question: How will you enter Uruguay without the bike being in your name? This can be worked around if you've got a poder, you don't mention anything about this, and even with a poder nothing is 100% certain.
"Friend" can indicate anything from a lifelong best-friend-for-life to "someone I ran into at the pub, or ran into on line but never met." The interests of your "friend" may or may not align with your own.
Hope that's helpful.
Mark
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