It's interesting that maximum/minimum for disjunction/conjunction doesn't apply for probabilities, except when the probabilities "overlap as much as possible" (when at least one implies the other).
And when the probabilities overlap as little as possible, then the formulas are:
P(a or b) = min(1, P(A)+P(B))
P(a and b) = max(0, P(a)+P(b)-1)
I guess there is some lesson about logic and truth here, but I can't quite see it...
A set with minimum and maximum operations has a special algebraic structure named distributive lattice, which is a structure as useful and frequently encountered as structures like the algebraic groups and rings that characterize addition-like and multiplication-like operations.