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Fender P Bass Fake or Real?

I believe it's a Silvertone Bass. Or, at least a Silvertone bass body. I have one just like it. The bridge plate, saddles, and knobs all match up. The pick ups may have been changed or maybe just covers were added. The headstock however doesn't match my Silvertone, so it's possible it's real, or a copy of, a Fender neck.

I bought the Silvertone almost twenty years ago for around $80 brand new. And I don't think they make them any more, or at least when I looked I couldn't find any new ones. It's a shame someone butchered it as I did find a single used all original Silvertone bass on Reverb and it's going for $199.

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Above is the OPs bridge and saddles.

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Above is my Silvertone bridge and saddles.

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The OPs headstock.

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My Silvertone headstock.
 
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wow the other guy came out ahead on this one...hopefully this was a series of honest mistakes and your buddy can amicably reverse the trade.

The bass is fake, or at best some kind of parts conglomeration. If it was presented as a genuine fender, even out of ignorance, this ain't right. He should get his amp back.
 
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Fake, looks more like a squier from China with a 1970's Fender style decal. Truss rod adjustment, bridge, and the pickups and bridge are not correct for a bass with that decal. Some people are always trying to "put lipstick on a pig"
Or its a cheap P bass copy
 
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To me it looks like an early squier with changed pups and a fender decal. Idk why people feel the need to rebrand their instruments so often. Either way, your friend should take it to the sellers house and use it as a bat to get his Orange TT back. They're really good and worth a lot more..