Lenz's Law is a fundamental law in electromagnetism that states that the direction of an induced current in a conductor will always be such that it opposes the change in magnetic flux that produced it.
The Law of Conservation of Energy is a fundamental principle in physics stating that energy cannot be created or destroyed, only transformed from one form to another.
Lenz's Law is a specific application of the Law of Conservation of Energy, as it describes the transformation of energy from magnetic potential energy to electrical kinetic energy.
Some real-world applications of these laws include generators, electric motors, and transformers, which all rely on the principles of energy transformation described by these laws.
No, these laws are considered fundamental laws of physics and have been extensively tested and confirmed in various experiments. They are believed to hold true in all cases and cannot be violated.