I would like to ask a fairly general question: how much of naïve linear algebra remains true for vector bundles? For example,
If $F$ and $F’$ are two subbundles of $E$ such that the fiber $E_x$ is the internal direct sum $F_x$ and $F’_x$ at each point $x$, is it true that $E$ is isomorphic to the direct sum of $F$ and $F’$?
Is the quotient of $E\oplus F$ by $E$ isomorphic to $F$?
Is the direct sum $E\oplus F$ the product / coproduct in the category of vector bundles over a fixed manifold? What if the base is not fixed?
My intuition says that the answers to these questions should be yes, but intuition for linear algebra could fail for vector bundles. If they are true, could you provide a reference for the proof or at least a general idea of the proof?
Question 3. is already addressed in Federico T.'s answer. Here is one way of thinking about Questions 1. and 2. that I like. The most important fact here is, in my opinion, the
Proposition: If $E,F$ are vector bundles over a topological space $X$ and $f\colon E\rightarrow F$ is a bundle map, then $f$ is a bundle isomorphism if and only if it is a fiber-wise linear isomorphism.
Together with universal properties, this answers your questions. For question 1., the subbundles come with inclusion bundle maps $F\rightarrow E$ and $F^{\prime}\rightarrow E$, which induce a bundle map $F\oplus F^{\prime}\rightarrow E$. This is a bundle isomorphism iff it is a fiber-wise linear isomorphism iff, for every point $x$, $E_x$ is the internal direct sum of $F_x$ and $F^{\prime}_x$. Question 2. can be addressed similarly.