Can't Transfer License...

I am afraid that the license transfer is an all or nothing deal. You can't license transfer individual items.

You can't lose your account for doing a license transfer.

A license transfer doesn't do anything bad. Like I said above, it just transfer your content licenses to the console you did the license transfer on. If he did the license transfer on the same console you use anyway, then it won't do anything.

Licenses transfer only use to work via a specific title or item. You can't licenses transfer the entire library.

You can't transfer licenses between profiles if that's what you mean. The console licenses would still be on the console unless you do a license transfer to another console.

Hey there CHUPACABRE!

If your friend transferred your licenses onto his console, he transferred all licenses. You can't pick and choose which licenses go over during the license transfer. It simply transfers all of them.

It looks like you'll need to wait until you're able to perform a license transfer again so you can reclaim your licenses from the console that your friend put them on.